Income Tax Assessment Act 1997

CHAPTER 4 - INTERNATIONAL ASPECTS OF INCOME TAX  

PART 4-5 - GENERAL  

Division 815 - Cross-border transfer pricing  

Subdivision 815-A - Treaty-equivalent cross-border transfer pricing rules  

Operative provisions

SECTION 815-40   No double taxation  

815-40(1)    
The amount of a * transfer pricing benefit that is negated under this Subdivision for an entity is not to be taken into account again under another provision of this Act to increase the entity ' s assessable income, reduce the entity ' s deductions or reduce a * net capital loss of the entity.

815-40(2)    

Subsection (1) has effect despite former section 136AB of the Income Tax Assessment Act 1936 .

815-40(3)    
Nothing in this Subdivision limits Division 820 (about thin capitalisation) in its application to further reduce * debt deductions of an entity.