The Senate Economics Legislation Committee has recommended that Parliament pass the Bill that includes public country-by-country reporting measures.New disclosures apply in respect of financial reporting periods commencing on or after 1 July 2024 to certain groups that have more than AU$1b revenue, subject to a de minimis Australian income exemption and scope to apply for certain other exemptions.Disclosure is on a country-by-country basis for Australia and specified jurisdictions, while aggregation of information is allowed for other jurisdictions.Significant penalties apply for noncompliance. Executive summaryThe Senate Economics Legislation Committee's (SELC) recommendation in its report dated 2 August 2024, that Parliament pass a Bill1...