Tax Laws Amendment (Countering Tax Avoidance and Multinational Profit Shifting) Act 2013 (101 of 2013)

Schedule 2   Modernisation of transfer pricing rules

Part 2   Other amendments

Income Tax Assessment Act 1997

23   Section 12-5 (table item headed "transfer pricing")

Repeal the item, substitute:

transfer pricing


arm's length principle for cross-border conditions between entities

Subdivision 815-B

arm's length principle for permanent establishments

Subdivision 815-C