PE domestic lawAustralia's Pillar Two legislation clarifies the treatment of a Permanent EstablishmentOn 4 July 2024, the Australian Government introduced legislation to Parliament to implement Australia's adoption of Pillar Two. This followed a public consultation on exposure drafts (EDs) released in March 2024. After the EDs were published, the primary legislation underwent a brief public consultation process, which concluded in April 2024. Based on feedback from that consultation and additional work by the Treasury, certain changes were made to the Pillar Two legislation.Among these changes, the treatment of a Permanent Establishment (PE) has been further clarified. For example, if the...