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
45 Subsection 284-90(1) in Schedule 1 (table item 4, column headed "In this situation:")
Omit "the greater of $10,000 or 1% of the income tax payable, or *MRRT payable, by you for the income year, worked out on the basis of your *income tax return or *MRRT return", substitute "your *reasonably arguable threshold".
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