The ATO has issued new guidance for large private groups on assessing and reporting significant global entity (SGE) status, outlining compliance expectations, practical self-assessment examples, and low-risk reporting scenarios.
The Australian Taxation Office (ATO) has released new guidance for large privately owned and wealthy groups (private groups) on assessing and reporting SGE status on 29 January 2026.
Where a private group includes an entity that is, or may be, a significant global entity (SGE), the relevant guidance should be consulted to ensure accurate SGE self-assessment. Correct self-assessment and reporting of SGE status are important, as SGEs may be subject to higher penalties and specific tax integrity measures. SGEs that are also country-by-country reporting entities may be subject to additional reporting obligations.
The new guidance outlines:
- our SGE status reporting and record-keeping expectations.
- practical examples of SGE self-assessment featuring common private group structures.
- low-risk scenarios where SGE status reporting is unlikely to raise compliance concerns.
