This webinar is particularly relevant for multinational enterprise (MNE) groups operating in Australia that:

•        Have related‑party service, distribution, manufacturing or financing arrangements and rely on streamlined compliance processes.
•        Fall within the small to mid‑market or emerging multinational segment, where internal tax resources are often limited and efficiency is critical.
•        Operate in low to moderate margin environments, making ATO risk categorisation and pricing outcomes more sensitive.
•        Are considering whether simplified record‑keeping under PCG 2017/2 is appropriate as an alternative to full Local File documentation.
•        Have experienced, or are seeking to proactively manage, ATO reviews or audits focusing on transfer pricing governance and documentation quality.

It will also be valuable for in‑house tax and finance teams supporting Asia‑Pacific headquartered groups with Australian operations, where consistency of documentation approach across jurisdictions is a recurring challenge.

By the end of the webinar, attendees will be able to:

• Understand the purpose and scope of PCG 2017/2 and how it fits within the ATO’s broader transfer pricing risk framework.
• Identify eligibility requirements and risk zones for simplified transfer pricing record‑keeping options.
• Assess when simplified documentation may be appropriate versus when full transfer pricing documentation is required.
• Recognise common compliance and audit risks arising from incorrect application of PCG 2017/2.

A. Overview of PCG 2017/2 and the ATO’s risk‑based compliance approach

• Purpose of Practical Compliance Guidelines and how PCG 2017/2 fits within the ATO’s broader transfer pricing compliance framework.
• How the ATO uses risk assessment to prioritise reviews and audits, and where simplified record‑keeping sits within that model.

B. Simplified record‑keeping options – eligibility, thresholds and exclusions

• Overview of the simplified documentation options available under PCG 2017/2.
• Key eligibility criteria, including turnover thresholds, transaction types and risk zone considerations.
• Common exclusions and scenarios where simplified approaches may not be appropriate.

C. Documentation expectations and interaction with Master File and Local File obligations

•       What “simplified” means in practice – and what it does not.
•        How PCG 2017/2 interacts with Australian Master File and Local File requirements.
•        Practical considerations for maintaining consistency across documentation and disclosures.

D. Audit risk, practical examples and common mistakes

• Typical issues identified by the ATO where taxpayers rely on PCG 2017/2 incorrectly.
• Examples of documentation gaps that increase audit risk despite simplified record‑keeping.
• Lessons learned from ATO engagement and review activity.

E. How PCG 2017/2 fits into a broader transfer pricing governance framework

• Using simplified record‑keeping as part of a proportionate, risk‑based governance strategy.       
• When and how groups should transition from simplified to full documentation.       
• Aligning PCG 2017/2 with internal controls, policies and future‑proofing for audits.

F. Q&A Session

• Open floor for questions
• Live, practical guidance on specific scenarios raised by attendees

PCG 2017/2 offers a valuable opportunity for eligible multinational groups to reduce transfer pricing compliance effort, but only when applied with a clear understanding of the ATO’s expectations and risk lens. This webinar goes beyond a technical overview to focus on how the guideline is applied in practice, drawing on Transfer Pricing Solutions’ extensive experience supporting Australian and regional MNEs through documentation, reviews and audits. Attendees will gain practical insight into when simplified record‑keeping genuinely supports tax certainty, when it may expose groups to unintended audit risk, and how to position their documentation approach defensively within a broader transfer pricing governance framework.