Australia’s Multinational Anti Avoidance Law (MAAL) (which came into effect on 1 January 2016) prevents multinationals from escaping Australian tax by using artificial or contrived arrangements to avoid having a taxable presence in Australia.

Treasury has now released exposure draft legislation which seeks to strengthen the MAAL by preventing large multinationals from using foreign trusts and partnerships in corporate structures to avoid its application.

Submissions on the exposure draft legislation closed on 23 February 2018.