Show download pdf controls
  •  

    IRPDs involving disposal or acquisition of intangible property or rights of a non-revenue (capital) nature

    Table 53: IRPDs involving disposal or acquisition of intangible property or rights of a non-revenue (capital) nature

    Code

    Description of transaction category

    ASIP

    Assignment of IP

    Any IRPD in the nature of assignment of intellectual property.

    Intellectual property includes:

    • trademarks
    • patents
    • registered designs
    • copyright
    • other intellectual property or similar property or rights including rights granted or protected under foreign law
    • interests in or rights granted in respect of any of the above – eg a license to use a copyright.

     

    IOSH

    Issue of ordinary shares

    The issue of ordinary shares to any IRP.

    AOSH

    Assignment of ordinary shares

    Any IRPD in the nature of assignment of ordinary shares.

    IEIOOS

    Issue of equity interest other than ordinary shares

    Any IRPD in the nature of an issue of an equity interest other than ordinary shares.

    AQIOS

    Assignment of equity interest other than ordinary shares

    Any IRPD in the nature of an assignment of an equity interest other than ordinary shares.

    ASSD

    Assignment of debts

    Any IRPD in the nature of an assignment of debt receivables or loan receivables (not liabilities).

    ASSL

    Assignment of liabilities

    Any IRPD in the nature of an assignment of liabilities.

    ASSBC

    Assignment of benefit of contracts (excluding assignment of equity interests, debts or IP)

    Any IRPD in the nature of an assignment of benefits or rights under contracts but excluding the following transaction categories:

    • Assignment of IP
    • Assignment of an equity interest
    • Assignment of debts (not liabilities)
    • Assignment of liabilities.

     

    ASSOPR

    Assignment of other intangible property or rights

    Any IRPD in the nature of an assignment of other intangible property or rights, but excluding the following transaction categories:

    • Assignment of IP
    • Issue of ordinary shares
    • Assignment of ordinary shares
    • Issue of equity interest other than ordinary shares
    • Assignment of equity interest other than ordinary shares
    • Assignment of debts (not liabilities)
    • Assignment of liabilities
    • Assignment of benefit of contracts (excluding assignment of equity interest, debts or IP).

     

    1. Transaction Identifier

    Show the Transaction ID for the transaction being reported.

    (LCMSF31)

    1. Related Transaction Identifier(s)

    Show all Transaction IDs that are directly connected to the transaction being reported.

    (LCMSF206)

    1. What is the transaction category?

    Select the transaction category for the IRPD transaction.

    (LCMSF32)

    1. Is this transaction part of a RAS?

    If this transaction is covered by an IRPD agreement in a RAS, indicate True.

    Otherwise indicate False.

    (LCMSF33)

    1. How many transactions are part of the RAS?

    If the transaction is part of a RAS, indicate the applicable range for the number of the transactions in the same RAS that were current during the income year:

    • Low (1–5)
    • Moderate (6–50)
    • High (51 or more)

    (LCMSF35)

    1. Australian counterparty name

    Show the full name of the Australian counterparty (which may be the reporting entity itself) to this transaction/RAS.

    (LCMSF207)

    1. ABN or TFN of the Australian counterparty to the transaction/RAS

    Show the ABN or TFN of the Australian counterparty (which may be the reporting entity itself) to the transaction/RAS.

    (LCMSF83 and LCMSF84)

    1. Name of the IRP non-resident counterparty to the transaction/RAS

    Show the full name of the IRP non-resident counterparty to this transaction/RAS.

    The full name to be shown is the complete name of the IRP non-resident counterparty entity. While this would be expected to usually correspond with the name of the relevant party in any associated written agreement documentation, the full correct name of the entity should be shown at Part A even if this is not exactly the same as the name used in any associated written agreement documentation.

    (LCMSF37)

    1. Tax residency of the IRP non-resident counterparty to the transaction/RAS

    Show the country codeExternal Link for the country of tax residence of the IRP non-resident counterparty to this transaction/RAS.

    (LCMSF38)

    1. Was the transaction/RAS entered into by the non-resident counterparty in the course of its business operations carried on through a permanent establishment in a different country to its country of tax residence?

    Indicate True if the transaction/RAS was entered into by the non-resident counterparty in the course of its business operations carried on through a PE in a different country to its country of tax residence.

    Otherwise indicate False.

    (LCMSF208)

    1. Country of permanent establishment of non-resident counterparty

    This question applies only if you answer True to Question 10.

    Show the country codeExternal Link of the PE.

    (LCMSF209)

    1. Amount of consideration paid (of a capital nature for income tax purposes) for the transaction/RAS

    If an amount of a capital nature was paid by the reporting entity in connection with this transaction/RAS during the income year, show this amount based on the reporting entity's accounting records.

    If no amount of a capital nature was paid by the reporting entity in connection with this transaction/RAS during the income year, show zero.

    (LCMSF39)

    1. Amount of consideration received (of a capital nature for income tax purposes) for the transaction/RAS

    If an amount of a capital nature was received by the reporting entity in connection with this transaction/RAS during the income year, show this amount based on the reporting entity's accounting records.

    If no amount of a capital nature was received by the reporting entity in connection with this transaction/RAS during the income year, show zero.

    (LCMSF40)

    1. Was non-monetary consideration provided (of a capital nature for income tax purposes) for the transaction/RAS?

    If non-monetary consideration of a capital nature was provided by the reporting entity in connection with this transaction/RAS during the income year, indicate True.

    Otherwise indicate False.

    (LCMSF85)

    1. Was non-monetary consideration obtained (of a capital nature for income tax purposes) for the transaction/RAS?

    If non-monetary consideration of a capital nature was obtained by the reporting entity in connection with this transaction/RAS during the income year, indicate True.

    Otherwise indicate False.

    (LCMSF86)

    1. Amount of expenditure (not of a capital nature for income tax purposes) for the transaction/RAS

    Show the amount of expenditure not of a capital nature for income tax purposes in connection with this transaction/RAS during the income year based on the reporting entity‘s accounting records.

    If there was no amount of expenditure not of a capital nature in connection with this transaction/RAS during the income year, show zero.

    (LCMSF41)

    1. Amount of revenue (not of a capital nature for income tax purposes) for the transaction/RAS

    Show the amount of revenue not of a capital nature for income tax purposes in connection with this transaction/RAS during the income year based on the reporting entity's accounting records.

    If there was no amount of revenue not of a capital nature in connection with this transaction/RAS during the income year, show zero.

    (LCMSF42)

    1. Average balance of debt interests

    Not applicable.

    (LCMSF210)

    1. Capitalised interest deducted

    Not applicable.

    (LCMSF211)

    1. Average balance of debt interests

    Not applicable.

    1. (LCMSF212)
    2. Capitalised interest returned

    Not applicable.

    1. (LCMSF213)
    2. Book values

    Not applicable.

    (LCMSF214)

    1. Was non-monetary consideration provided (not of a capital nature for income tax purposes) for the transaction/RAS?

    If non-monetary consideration not of a capital nature for income tax purposes was provided by the reporting entity in connection with this transaction/RAS during the income year, indicate True.

    Otherwise indicate False.

    (LCMSF44)

    1. Was non-monetary consideration obtained (not of a capital nature for income tax purposes) for the transaction/RAS?

    If non-monetary consideration not of a capital nature was obtained by the reporting entity in connection with this transaction/RAS during the income year, indicate True.

    Otherwise indicate False.

    (LCMSF45)

    1. Did you enter into a deferred foreign currency payment arrangement in relation to this transaction

    Not applicable for this transaction category.

    (LCMSF215)

    1. Foreign Currency Reporting Type

    Not applicable for this transaction category.

    (LCMSF216)

    1. Foreign Currency Code

    Not applicable for this transaction category.

    (LCMSF217)

    1. Amount of foreign exchange losses deducted for the transaction/RAS

    Show the amount of foreign exchange losses deducted for income tax purposes by the reporting entity in connection with this transaction/RAS under Division 775 of the ITAA 1997 or, if applicable, the taxation of financial arrangements (TOFA) provisions in Division 230 of the ITAA 1997 for the income year.

    For more information about the circumstances in which foreign exchange gains are assessable and foreign exchange losses are deductible for Australian income tax purposes, refer to Appendix 6.

    If there was no foreign exchange loss deducted for income tax purposes in connection with this transaction/RAS for the income year, show zero.

    (LCMSF87)

    1. Foreign Currency Code

    Show the Foreign Currency CodeExternal Link in relation to foreign exchange losses deducted for the transaction/RAS

    (LCMSF219)

    1. Amount of foreign exchange gains returned for the transaction/RAS

    Show the amount of foreign exchange gains assessable for income tax purposes in connection with this transaction/RAS under Division 775 of the ITAA 1997 or, if applicable, the TOFA provisions in Division 230 of the ITAA 1997 for the income year.

    If there was no foreign exchange gain assessable for income tax purposes in connection with this type of IRPD for the income year, show zero.

    (LCMSF43)

    1. Foreign Currency Code

    Show the Foreign Currency CodeExternal Link in relation to foreign exchange gains returned for the transaction/RAS

    (LCMSF221)

    1. What transfer pricing/capital asset pricing methodology has been applied to this transaction/RAS?

    If the reporting entity does not know which transfer pricing methodology has been applied to this transaction/RAS, select the code UNKT (Unknown TP Method).

    If the reporting entity does not know which capital asset pricing methodology has been applied to this transaction/RAS, select the code UNKC (Unknown CAP Method).

    (LCMSF46)

    1. What level of transfer pricing documentation has been prepared for this transaction/RAS?

    The level of transfer pricing documentation refers to the aggregate dollar amount of this transaction/RAS for which the reporting entity has prepared relevant transfer pricing documentation, expressed as a percentage of total dollar value of this transaction/RAS.

    1 = 0%

    2 = 1% to less than 25%

    3 = 25% to less than 50%

    4 = 50% to less than 75%

    5 = 75% to less than 100%

    6 = 100%

    This transaction/RAS will not meet the conditions for any of the Simplified Transfer Pricing Record Keeping (STPRK) options in PCG 2017/2 Simplified Transfer Pricing Record Keeping Options, since it is not a services or loan arrangement and it involves an IRPD of a capital nature.

    (LCMSF47)

    1. If the reporting entity is a bank and this transaction is in a RAS, has the special short term tenor rule for ordinary borrowings and ordinary loans been applied to this RAS?

    Always indicate False if the transaction category is not ordinary borrowings or ordinary loans.

    (LCMSF88)

    1. If the reporting entity is a bank and this transaction is in a RAS, has the special short term tenor rule for short term derivatives been applied to this RAS?

    Always indicate False if the transaction category is not derivatives.

    (LCMSF128)

    1. If the reporting entity is a bank and this transaction is in a RAS, has the special short term tenor rule for FX derivatives been applied to this RAS?

    Always indicate False if the transaction category is not derivatives.

    (LCMSF129)

    1. If the reporting entity is an OBU, is this transaction/RAS an OB activity?

    Always indicate False since acquisition or disposal of intangible property of a non-revenue (capital) nature is not an OB activity under section 121D of the ITAA 1936.

    (LCMSF63)

    1. Is this transaction/RAS covered by a category on the exclusions list?

    If this transaction/RAS is covered by the IOS – Issue of Ordinary Shares category on the exclusions list, indicate True.

    Otherwise indicate False.

    (LCMSF48)

    1. What category of the exclusions list applies to this transaction/RAS?

    If the transaction/RAS is covered by the IOS – Issue of Ordinary Shares category on the exclusions list and you have indicated True at Question 23, select the code IOS.

    Otherwise indicate False.

    (LCMSF49)

    1. Transaction Comments

    Provide any relevant comments in respect of the transaction/RAS.

    (LCMSF222)

    Reporting example: IRPDs involving disposal or acquisition of intangible property of a non-revenue (capital nature)

    Example 13: Assignment of patents to Swiss IRP

    The facts are the same as the facts in Example 6.

    During the income year Aus Co assigned its beneficial interest in certain patents to an IRP resident for tax purposes in Switzerland (Swiss Co) for A$100 million.

    Aus Co did not provide or obtain any non-monetary consideration in relation to the assignment of its beneficial interest in the patents.

    Aus Co has applied the capital asset pricing methodology ‘Directors Valuation’ to the payment the assignment of its beneficial interest in the patents.

    Aus Co has prepared relevant contemporaneous transfer pricing documentation for 100% of the assignment of its beneficial interest in the patents.

    Aus Co completes the questions for the IRP transactions/RAS in this example based on its accounting records as shown in the following tables. 

    Table 54: Completed entry – Assignment of patents to Swiss Co (Assignment of IP)

    Question no.

    Question label

    Response

    1

    Transaction Identifier

    [Transaction ID]

    2

    Related Transaction Identifier(s)

    [Transaction IDs for Table 8 and Table 12]

    3

    Transaction category

    ASIP

    4

    Is this transaction part of a RAS?

    False

    5

    How many transactions are part of the RAS?

    na

    6

    Australian counterparty name

    [Australian counterparty name]

    7

    ABN or TFN of the Australian counterparty to the transaction/RAS

    [ABN or TFN]

    8

    Name of the IRP non-resident counterparty to the transaction/RAS

    Swiss Co

    9

    Tax residence of the IRP non-resident counterparty to the transaction/RAS

    CH

    10

    Was the transaction/RAS entered into by the non-resident counterparty in the course of its business operations carried on through a permanent establishment in a different country to its country of tax residence?

    False

    11

    Country of permanent establishment counterparty

    na

    12

    Amount of consideration paid (of a capital nature for income tax purposes) for the transaction/RAS

    0

    13

    Amount of consideration received (of a capital nature for income tax purposes) for the transaction/RAS

    100000000

    14

    Was non-monetary consideration provided (of a capital nature for income tax purposes) for the transaction/RAS?

    False

    15

    Was non-monetary consideration obtained (of a capital nature for income tax purposes) for the transaction/RAS?

    False

    16

    Amount of expenditure (not of a capital nature for income tax purposes) for the transaction/RAS that the reporting entity deducted for income tax purposes

    0

    17

    Amount of revenue (not of a capital nature for income tax purposes) for the transaction/RAS that the reporting entity returned as assessable for income tax purposes

    0

    18

    Average balance of debt interests

    na

    19

    Capitalised interest deducted

    na

    20

    Average balance of debt interests

    na

    21

    Capitalised interest returned

    na

    22

    Book values

    na

    23

    Was non-monetary consideration provided (not of a capital nature for income tax purposes) for the transaction/RAS?

    False

    24

    Was non-monetary consideration obtained (not of a capital nature for income tax purposes) for the transaction/RAS?

    False

    25

    Did you enter into a deferred foreign currency payment arrangement in relation to this transaction

    na

    26

    Foreign Currency Reporting Type

    na

    27

    Foreign Currency Code

    na

    28

    Amount of foreign exchange losses deducted for the transaction/RAS

    0

    29

    Foreign Currency Code

    na

    30

    Amount of foreign exchange gains returned for the transaction/RAS

    0

    31

    Foreign Currency Code

    na

    32

    What transfer pricing / capital asset pricing methodology has been applied to the transaction/RAS?

    DVAL

    33

    What level of transfer pricing documentation has been prepared for this transaction/RAS?

    6

    34

    If the reporting entity is a bank and transaction is in a RAS, has the special short term tenor rule for ordinary borrowings and ordinary loans been applied to this RAS?

    False

    35

    If the reporting entity is a bank and this transaction is in a RAS, has the special short term tenor rule for short term derivatives been applied to this RAS?

    False

    36

    If the reporting entity is a bank and this transaction is in a RAS, has the special rule for FX derivatives been applied to this RAS?

    False

    37

    If the reporting entity is an OBU, is this transaction/RAS an OB activity?

    False

    38

    Is this transaction/RAS covered by a category on the Exclusions List?

    False

    39

    What category of the Exclusions List applies to this transaction/RAS?

    na

    40

    Transaction Comments

    [Comments]

     

    End of example

     

    Example 14: Acquisition of ordinary shares in Hong Kong subsidiary from US IRP, issue of equity interests to Luxembourg IRP and acquisition of ordinary shares issued by New Zealand IRP

    Aus Co is a company that is resident in Australia for tax purposes.

    Aus Co has an income tax year ending 30 June.

    Aus Co’s functional currency for Australian tax purposes is Australian dollars.

    During the income year Aus Co:

    • acquired ordinary shares in a Hong Kong subsidiary under a legal assignment from an IRP resident for tax purposes in the US (US Co) for A$100 million
    • issued convertible preference shares which are equity interests under Division 974 of the ITAA 1997 to an IRP resident for tax purposes in the Luxembourg (Luxembourg Co) for A$2 million
    • acquired ordinary shares upon issue of new shares by an IRP resident for tax purposes in New Zealand (NZ Co) for A$1 million

    Aus Co’s functional currency for Australian tax purposes is Australian dollars.

    Aus Co is not an OBU.

    Aus Co has applied the capital asset pricing methodology ‘Directors Valuation’ in relation to the acquisition of the ordinary shares from US Co, the issue of the convertible preference shares to Luxembourg Co and the acquisition of the issued shares from NZ Co.

    Aus Co did not pay or obtain any consideration of a revenue (non-capital) nature for income tax purposes in relation to any of the above transactions.

    Aus Co did not provide or obtain any non-monetary consideration in relation to any of the above transactions.

    Aus Co has prepared relevant contemporaneous transfer pricing documentation for 100% of the acquisition of the ordinary shares from US Co, the issue of the convertible preference shares to Luxembourg Co and the acquisition of the issued shares from NZ Co.

    Neither US Co, Luxemburg Co nor NZ Co carry on their business operations through a permanent establishment.

    Aus Co completes the questions for the IRP transactions/RAS in this example based on its accounting records as shown in the following tables. 

    Table 55: Completed entry – Acquisition of ordinary shares in Hong Kong subsidiary from US IRP (Assignment of ordinary shares)

    Question no.

    Question label

    Response

    1

    Transaction Identifier

    [Transaction ID]

    2

    Related Transaction Identifier(s)

    [Transaction IDs]

    3

    Transaction category

    AOSH

    4

    Is this transaction part of a RAS?

    False

    5

    How many transactions are part of the RAS?

    na

    6

    Australian counterparty name

    [Australian counterparty name]

    7

    ABN or TFN of the Australian counterparty to the transaction/RAS

    [ABN or TFN]

    8

    Name of the IRP non-resident counterparty to the transaction/RAS

    US Co

    9

    Tax residence of the IRP non-resident counterparty to the transaction/RAS

    US

    10

    Was the transaction/RAS entered into by the non-resident counterparty in the course of its business operations carried on through a permanent establishment in a different country to its country of tax residence?

    False

    11

    Country of permanent establishment counterparty

    na

    12

    Amount of consideration paid (of a capital nature for income tax purposes) for the transaction/RAS

    100000000

    13

    Amount of consideration received (of a capital nature for income tax purposes) for the transaction/RAS

    0

    14

    Was non-monetary consideration provided (of a capital nature for income tax purposes) for the transaction/RAS?

    False

    15

    Was non-monetary consideration obtained (of a capital nature for income tax purposes) for the transaction/RAS?

    False

    16

    Amount of expenditure (not of a capital nature for income tax purposes) for the transaction/RAS that the reporting entity deducted for income tax purposes

    0

    17

    Amount of revenue (not of a capital nature for income tax purposes) for the transaction/RAS that the reporting entity returned as assessable for income tax purposes

    0

    18

    Average balance of debt interests

    na

    19

    Capitalised interest deducted

    na

    20

    Average balance of debt interests

    na

    21

    Capitalised interest returned

    na

    22

    Book values

    na

    23

    Was non-monetary consideration provided (not of a capital nature for income tax purposes) for the transaction/RAS?

    False

    24

    Was non-monetary consideration obtained (not of a capital nature for income tax purposes) for the transaction/RAS?

    False

    25

    Did you enter into a deferred foreign currency payment arrangement in relation to this transaction

    na

    26

    Foreign Currency Reporting Type

    na

    27

    Foreign Currency Code

    na

    28

    Amount of foreign exchange losses deducted for the transaction/RAS

    0

    29

    Foreign Currency Code

    na

    30

    Amount of foreign exchange gains returned for the transaction/RAS

    0

    31

    Foreign Currency Code

    na

    32

    What transfer pricing/capital asset pricing methodology has been applied to the transaction/RAS?

    DVAL

    33

    What level of transfer pricing documentation has been prepared for this transaction/RAS?

    6

    34

    If the reporting entity is a bank and transaction is in a RAS, has the special short term tenor rule for ordinary borrowings and ordinary loans been applied to this RAS?

    False

    35

    If the reporting entity is a bank and this transaction is in a RAS, has the special short term tenor rule for short term derivatives been applied to this RAS?

    False

    36

    If the reporting entity is a bank and this transaction is in a RAS, has the special rule for FX derivatives been applied to this RAS?

    False

    37

    If the reporting entity is an OBU, is this transaction/RAS an OB activity?

    False

    38

    Is this transaction/RAS covered by a category on the Exclusions List?

    False

    39

    What category of the Exclusions List applies to this transaction/RAS?

    na

    40

    Transaction Comments

    [Comments]

    Table 56: Completed entry – Issue of convertible preference shares to Luxembourg IRP (Issue of equity interest other than ordinary shares)

    Question no.

    Question label

    Response

    1

    Transaction Identifier

    [Transaction ID]

    2

    Related Transaction Identifier(s)

    [Transaction IDs]

    3

    Transaction category

    IEIOOS

    4

    Is this transaction part of a RAS?

    False

    5

    How many transactions are part of the RAS?

    na

    6

    Australian counterparty name

    [Australian counterparty name]

    7

    ABN or TFN of the Australian counterparty to the transaction/RAS

    [ABN or TFN]

    8

    Name of the IRP non-resident counterparty to the transaction/RAS

    Luxembourg Co

    9

    Tax residence of the IRP non-resident counterparty to the transaction/RAS

    LU

    10

    Was the transaction/RAS entered into by the non-resident counterparty in the course of its business operations carried on through a permanent establishment in a different country to its country of tax residence?

    False

    11

    Country of permanent establishment counterparty

    na

    12

    Amount of consideration paid (of a capital nature for income tax purposes) for the transaction/RAS

    0

    13

    Amount of consideration received (of a capital nature for income tax purposes) for the transaction/RAS

    2000000

    14

    Was non-monetary consideration provided (of a capital nature for income tax purposes) for the transaction/RAS?

    False

    15

    Was non-monetary consideration obtained (of a capital nature for income tax purposes) for the transaction/RAS?

    False

    16

    Amount of expenditure (not of a capital nature for income tax purposes) for the transaction/RAS that the reporting entity deducted for income tax purposes

    0

    17

    Amount of revenue (not of a capital nature for income tax purposes) for the transaction/RAS that the reporting entity returned as assessable for income tax purposes

    0

    18

    Average balance of debt interests

    na

    19

    Capitalised interest deducted

    na

    20

    Average balance of debt interests

    na

    21

    Capitalised interest returned

    na

    22

    Book values

    na

    23

    Was non-monetary consideration provided (not of a capital nature for income tax purposes) for the transaction/RAS?

    False

    24

    Was non-monetary consideration obtained (not of a capital nature for income tax purposes) for the transaction/RAS?

    False

    25

    Did you enter into a deferred foreign currency payment arrangement in relation to this transaction

    na

    26

    Foreign Currency Reporting Type

    na

    27

    Foreign Currency Code

    na

    28

    Amount of foreign exchange losses deducted for the transaction/RAS

    0

    29

    Foreign Currency Code

    na

    30

    Amount of foreign exchange gains returned for the transaction/RAS

    0

    31

    Foreign Currency Code

     

    32

    What transfer pricing/capital asset pricing methodology has been applied to the transaction/RAS?

    DVAL

    33

    What level of transfer pricing documentation has been prepared for this transaction/RAS?

    6

    34

    If the reporting entity is a bank and transaction is in a RAS, has the special short term tenor rule for ordinary borrowings and ordinary loans been applied to this RAS?

    False

    35

    If the reporting entity is a bank and this transaction is in a RAS, has the special short term tenor rule for short term derivatives been applied to this RAS?

    False

    36

    If the reporting entity is a bank and this transaction is in a RAS, has the special rule for FX derivatives been applied to this RAS?

    False

    37

    If the reporting entity is an OBU, is this transaction/RAS an OB activity?

    False

    38

    Is this transaction/RAS covered by a category on the Exclusions List?

    False

    39

    What category of the Exclusions List applies to this transaction/RAS?

    na

    40

    Transaction Comments

    [Comments]

    Table 57: Completed entry – Acquisition of ordinary shares issued by NZ IRP (Issue of ordinary shares)

    Question no.

    Question label

    Response

    1

    Transaction Identifier

    [Transaction ID]

    2

    Related Transaction Identifier(s)

    [Transaction IDs]

    3

    Transaction category

    IOSH

    4

    Is this transaction part of a RAS?

    False

    5

    How many transactions are part of the RAS?

     na

    6

    Australian counterparty name

    [Australian counterparty name]

    7

    ABN or TFN of the Australian counterparty to the transaction/RAS

    [ABN or TFN]

    8

    Name of the IRP non-resident counterparty to the transaction/RAS

    NZ Co

    9

    Tax residence of the IRP non-resident counterparty to the transaction/RAS

    NZ

    10

    Was the transaction/RAS entered into by the non-resident counterparty in the course of its business operations carried on through a permanent establishment in a different country to its country of tax residence?

    False

    11

    Country of permanent establishment counterparty

    na

    12

    Amount of consideration paid (of a capital nature for income tax purposes) for the transaction/RAS

    1000000

    13

    Amount of consideration received (of a capital nature for income tax purposes) for the transaction/RAS

    0

    14

    Was non-monetary consideration provided (of a capital nature for income tax purposes) for the transaction/RAS?

    False

    15

    Was non-monetary consideration obtained (of a capital nature for income tax purposes) for the transaction/RAS?

    False

    16

    Amount of expenditure (not of a capital nature for income tax purposes) for the transaction/RAS that the reporting entity deducted for income tax purposes

    0

    17

    Amount of revenue (not of a capital nature for income tax purposes) for the transaction/RAS that the reporting entity returned as assessable for income tax purposes

    0

    18

    Average balance of debt interests

    na

    19

    Capitalised interest deducted

    na

    20

    Average balance of debt interests

    na

    21

    Capitalised interest returned

    na

    22

    Book values

    na

    23

    Was non-monetary consideration provided (not of a capital nature for income tax purposes) for the transaction/RAS?

    False

    24

    Was non-monetary consideration obtained (not of a capital nature for income tax purposes) for the transaction/RAS?

    False

    25

    Did you enter into a deferred foreign currency payment arrangement in relation to this transaction

    na

    26

    Foreign Currency Reporting Type

    na

    27

    Foreign Currency Code

    na

    28

    Amount of foreign exchange losses deducted for the transaction/RAS

    0

    29

    Foreign Currency Code

    na

    30

    Amount of foreign exchange gains returned for the transaction/RAS

    0

    31

    Foreign Currency Code

    na

    32

    What transfer pricing/capital asset pricing methodology has been applied to the transaction/RAS?

    DVAL

    33

    What level of transfer pricing documentation has been prepared for this transaction/RAS?

    6

    34

    If the reporting entity is a bank and transaction is in a RAS, has the special short term tenor rule for ordinary borrowings and ordinary loans been applied to this RAS?

    False

    35

    If the reporting entity is a bank and this transaction is in a RAS, has the special short term tenor rule for short term derivatives been applied to this RAS?

    False

    36

    If the reporting entity is a bank and this transaction is in a RAS, has the special rule for FX derivatives been applied to this RAS?

    False

    37

    If the reporting entity is an OBU, is this transaction/RAS an OB activity?

    False

    38

    Is this transaction/RAS covered by a category on the Exclusions List?

    True

    39

    What category of the Exclusions List applies to this transaction/RAS?

    na

    40

    Transaction Comments

    [Comments]

     

    End of example
      Last modified: 14 Jun 2019QC 56216