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

Taxation Administration Act 1953

46   Subsection 284-90(1) in Schedule 1 (table item 5, column headed "In this situation:")

Omit "the greater of $20,000 or 2% of the trust's net income (if any) for that year worked out on the basis of the trust's *income tax return", substitute "the trust's *reasonably arguable threshold".