Income Tax Assessment Act 1997
View history note
Hide history noteThis section applies to a company if: (a) the company is entitled to a * CMPTI tax offset for * CMPTI expenditure in carrying on one or more of the company ' s * registered CMPTI processing activities; and (b) some or all of that expenditure (the group expenditure ) is incurred to another entity (the group entity ) for goods or services provided in relation to those activities when:
(i) the group entity is * connected with the company; or
(ii) the group entity is an * affiliate of the company or the company is an affiliate of the group entity.
Reducing the company ' s CMPTI expenditure by group mark-ups
419-100(2)
For the purposes of this Division (other than this section), disregard so much of the company ' s group expenditure as exceeds the actual cost to the group entity of providing those goods or services.
Note:
This section can apply more than once if the company incurs CMPTI expenditure to more than one group entity.
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