Income Tax Assessment Act 1997
An entity must keep records under this section for an *arm ' s length debt amount or *arm ' s length capital amount that the entity worked out for the purposes of this Division. 820-980(2)
The records must contain particulars about the factual assumptions and relevant factors mentioned in section 820-105 , 820-215 , 820-315 or 820-410 (as appropriate) that have been taken into account in working out that amount. 820-980(3)
The entity must prepare the records before the time by which the entity must lodge its *income tax return for the income year in relation to all or a part of which the amount is worked out.
A person must comply with the requirements in section 262A of the Income Tax Assessment Act 1936 about the keeping of these records (see subsections (2AA) and (3) of that section) .
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