Google Australia has quietly received a $310 million injection of funds from its California-based parent company, a month after reaching a settlement with the Australian Tax Office.

Documents lodged with the corporate regulator at the end of January show Google Australia issued 310 million new shares to Google International at a nominal price of $1 per security.

Google Australia and the ATO settled their dispute late last year. Credit:Andrew Quilty

The most recent financial filings with the Australian Securities and Investments Commission, for the year ending December 2018, showed the search giant's local arm recorded a profit of $129 million, cash reserves of $188.4 million and net assets valued at just over $408 million.

On December 18 last year, tax authorities announced they had reached a settlement with Google Australia. The company agreed to pay $481.5 million for taxes it should have paid in the decade between 2008 and 2018 in a major win for the ATO.