Related-party international dealings

Related-party international dealings means international transactions, agreements or arrangements between related parties, or between a permanent establishment and its head office, or between two permanent establishments of the same entity. The term includes all transactions between an Australian resident and international related parties.

If money or property is not actually sent out of Australia or received in Australia, but accounting entries are made that have a similar effect to money or property being transferred, this is also taken to be an international transaction.

    Last modified: 21 Feb 2012QC 25356