Income Tax Assessment Act 1997

CHAPTER 3 - SPECIALIST LIABILITY RULES  

PART 3-95 - VALUE SHIFTING  

Division 727 - Indirect value shifting affecting interests in companies and trusts, and arising from non-arm ' s length dealings  

Subdivision 727-C - Exclusions  

Indirect value shifts involving services

SECTION 727-240   What services certain provisions apply to  

727-240(1)  
Sections 727-230 , 727-235 , 727-700 and 727-725 apply only to services consisting of:


(a) doing work (including professional work and giving professional advice or any other kind of advice); or

Note:

Examples include accounting or legal services; advertising services and financial management services.


(b) providing (including allowing use of) facilities for entertainment, recreation or instruction; or


(c) leasing, renting, hiring, or allowing the use of, any asset; or


(d) packaging, transporting or storing any property; or


(e) providing insurance; or


(f) services provided, by a banker to a customer, in the course of the banker carrying on the business of banking; or


(g) lending money or providing any other form of financial accommodation.

727-240(2)  
It does not matter whether services covered by paragraph (1)(a) also involve supplying property.


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