Income Tax Assessment Act 1997
CHAPTER 4
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INTERNATIONAL ASPECTS OF INCOME TAX
PART 4-5
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GENERAL
Division 815
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Cross-border transfer pricing
Subdivision 815-B
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Arm
'
s length principle for cross-border conditions between entities
Operative provisions
SECTION 815-135
Guidance
815-135(1)
For the purpose of determining the effect this Subdivision has in relation to an entity, identify *arm ' s length conditions so as best to achieve consistency with the documents covered by this section. 815-135(2)
The documents covered by this section are as follows:
(a) the Transfer Pricing Guidelines for Multinational Enterprises and Tax Administrations, as approved by the Council of the Organisation for Economic Cooperation and Development and last amended on 19 May 2017;
(aa) (Repealed by No 64 of 2020)
(b) a document, or part of a document, prescribed by the regulations for the purposes of this paragraph.
815-135(3)
However, the document mentioned in paragraph (2)(a) is not covered by this section if the regulations so prescribe.
815-135(4)
Regulations made for the purposes of paragraph (2)(b) or subsection (3) may prescribe different documents or parts of documents for different circumstances.
View history note
Hide history note[ CCH Note: For the application of Subdivisions 815-B , 815-C and 815-D of the Income Tax Assessment Act 1997 , as inserted, see Division 815 of the Income Tax (Transitional Provisions) Act 1997 .]
For the purpose of determining the effect this Subdivision has in relation to an entity, identify *arm ' s length conditions so as best to achieve consistency with the documents covered by this section. 815-135(2)
The documents covered by this section are as follows:
(a) the Transfer Pricing Guidelines for Multinational Enterprises and Tax Administrations, as approved by the Council of the Organisation for Economic Cooperation and Development and last amended on 19 May 2017;
(aa) (Repealed by No 64 of 2020)
(b) a document, or part of a document, prescribed by the regulations for the purposes of this paragraph.
However, the document mentioned in paragraph (2)(a) is not covered by this section if the regulations so prescribe.
Regulations made for the purposes of paragraph (2)(b) or subsection (3) may prescribe different documents or parts of documents for different circumstances.
[ CCH Note: For the application of Subdivisions 815-B , 815-C and 815-D of the Income Tax Assessment Act 1997 , as inserted, see Division 815 of the Income Tax (Transitional Provisions) Act 1997 .]
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