INCOME TAX ASSESSMENT ACT 1997 - SECT 376.175 Expenditure to be worked out on an arm's length basis

INCOME TAX ASSESSMENT ACT 1997 - SECT 376.175

    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.