On 24 November 2017, the Australian Treasury launched a public consultation on the draft Treasury Laws Amendment (OECD Hybrid Mismatch Rules) Bill 2017, which provides for the implementation of the hybrid mismatch rules developed as part of BEPS Action 2. The draft legislation targets instances where tax is either deferred or not paid at all from the use of hybrid mismatch arrangements. The rules will apply broadly to related parties, members of a control group, and structured arrangements, a…