INCOME TAX ASSESSMENT ACT 1997

CHAPTER 3 - SPECIALIST LIABILITY RULES  

PART 3-45 - RULES FOR PARTICULAR INDUSTRIES AND OCCUPATIONS  

Division 376 - Films generally (tax offsets for Australian production expenditure)  

Subdivision 376-C - Production expenditure and qualifying Australian production expenditure  

Expenditure generally - common rules

SECTION 376-175   376-175   Expenditure to be worked out on an arm ' s length basis  


For the purposes of this Division, if any 2 or more parties to:


(a) an * arrangement under which a company incurs expenditure in relation to a * film; or


(b) any act or transaction directly or indirectly connected with expenditure that a company incurs in relation to a film;

do not deal with each other at * arm ' s length in relation to the arrangement, or in relation to the act or transaction, the expenditure is taken to be only so much (if any) of the expenditure as would have been incurred if they had been dealing with each other at arm ' s length in relation to the arrangement, or in relation to the act or transaction.


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