REA : Tax Transparency Report 2023

This report covers REA Group Ltd and its controlled entities (referred to hereafter as 'REA' or 'REA Group').

In FY23, REA Group's financial results demonstrates the strength and resilience of the business as customers continued to prioritise our premium products, leading platforms, and superior audience. REA's Indian business continued to deliver exceptional revenue growth and extended its leadership position as the No.1 property portal by audience in the Indian market.

We continue to be committed to responsible and sustainable business practices in everything we do at REA Group. This extends to our pledge to increased tax transparency through REA's adoption of the Board of Taxation's Voluntary Tax Transparency Code. REA supports the Voluntary Tax Transparency Code as part of our responsibility to pay the right amount of tax and comply with all tax laws.

REA values the close collegial relationships it has maintained with its external stakeholders, in particular with Australian government bodies. We seek to engage with regulators, tax authorities, external advisors and industry groups in an ethical, transparent and professional manner.

In FY23, REA has collaborated closely with government and industry bodies on tax reform agendas and public interest issues, including:

• Serving on the Executive Committee of the Corporate Tax Association, a key representative body for major companies
  in Australia to improve the effectiveness and integrity of the Australian corporate tax system;
• Serving on the Tax and Growth Committee of the Tech Council of Australia, an industry body dedicated to promoting growth in employment and talent development and partnering with government to design safe and effective regulation in the tech industry; and

• Serving as an executive member of the Research & Development (R&D) Incentives Committee, an industry body responsible for assessing registered activities under the R&D Tax Incentives Program and providing advice on the operational aspects of the Program.

The information in this report should be read in conjunction with our 2023 Annual Report and complies with the standard of disclosure expected of 'large businesses' under the Voluntary Tax Transparency Code. This report is intended to assist the public in understanding REA's compliance with tax laws in Australia and global markets in which we operate.

Janelle Hopkins

Chief Financial Officer

REA Group

REA Group employs around 1,600 people in Australia and around 1,700 people in India.

REA operates Australia's leading residential and commercial property websites - realestate.com.au and realcommercial.com.au - as well as the leading website dedicated to share property, Flatmates.com. au and property research website, property.com.au.

REA owns Mortgage Choice Pty Ltd, an Australian mortgage broking franchise group and PropTrack Pty Ltd, a leading provider of property data services.

In Australia, REA Group also holds strategic investments in Simpology Pty Ltd, a leading provider of mortgage application and e-lodgement solutions for the broking and lending industries, Realtair Pty Ltd, a digital platform providing end-to-end technology solutions for the real estate transaction process and Managed Platforms Pty Ltd, a Property Management software platform.

Internationally, REA Group holds a controlling interest in REA India Pte. Ltd., operator of established brands Housing.com, Makaan.com and PropTiger.com. REA Group also holds a significant minority shareholding in Move, Inc., operator of realtor.com in the US, and the PropertyGuru Group, operator of leading property sites in Malaysia, Singapore, Thailand and Vietnam.

On 5 July 2023 REA Group obtained 100% ownership of CampaignAgent, a leading fintech company specialising in property vendor funding solutions. This follows the Group's initial acquisition of 27% of the business

in 2021.

REA Group is committed to investing in the latest technology to deliver

a personalised experience to customers and consumers. New knowledge generated from research and development activities enables REA Group to continue to develop the latest software and technologies, resulting in the direct creation

of Australian owned intellectual property and jobs in the Australian economy.

More than

3,300

people

Further details of the contributions REA Group makes to the communities in which it operates, including community partnerships and investments, can be found in REA Group's 2023 Sustainability Report.

REA Group manages its taxation affairs in accordance with the REA Group Tax Governance Policy which has been endorsed by REA's Audit, Risk and Compliance Committee (ARCC).

REA Group's tax strategy is to support the business through adopting tax effective positions that comply with tax law and are founded on sound commercial rationale.

In delivering this strategy, REA Group seeks to:

• Comply with all tax laws and regulations which apply to REA Group and its subsidiaries;
• Pay the legally correct amount of tax;
• Not partake in any form of tax avoidance or tax fraud;
• Engage with regulators, tax authorities, industry groups and external advisors in an ethical, transparent and professional manner;
• Develop, implement and maintain country specific procedures that define controls and assign responsibilities; and
• Identify tax risks and exposures as they arise and report material risks to the ARCC.

Tax risk management framework

REA Group employs strong risk management protocols which apply not only to broader business risks, but specifically tax risks. The tax risk management framework has the purpose of:

• Appropriately defining tax positions; and
• Providing a framework to outline which tax positions require due consideration from the relevant levels of management, including the ARCC and Board.

These protocols drive a culture of 'doing the right thing' which promotes the effective identification, evaluation and management of all risks.

Material tax risks are reviewed as appropriate by management, external tax advisors, external auditors and the ARCC.

Tax controls are regularly updated to reflect the changing business and tax landscape and Sarbanes-Oxley Act requirements, having regard to the ATO's Tax Risk Management and Governance Review Guide, supported by global best practice. REA also seeks to utilise the latest technologies and data analytics in order to further enhance its tax governance processes and capabilities.

Engagement with tax and other authorities

REA Group engages with regulators, tax authorities, industry groups and external advisors in an ethical, transparent and professional manner in the countries in which the business operates.

REA Group has continued to build on its positive relationships with revenue authorities throughout FY23 and has again initiated proactive engagement with revenue authorities over and above ongoing compliance and reporting obligations.