The Australia Taxation Office published updated instructions on 30 January 2018 for completing the Local File - Short Form. The requirement to submit a Local file applies for reporting beginning on or after 1 January 2016 and is part of Australia's Country-by-Country (CbC) statements requirements, which also include the Master file and CbC report. In general, companies with international related party dealings below AUD 2 million may lodge the short form Local file, while others must lodge t…