Document ID: chunk:federal_register_of_legislation:C2004A00587:clause:1_103zg
Version: federal_register_of_legislation:C2004A00587
Segment Type: clause
Provision Reference: sch 1 cl 103ZG
Character Range: 52613–53435

103ZG  Anti‑avoidance—transactions between persons not at arm's length

 (1) If:
 (a) a person has incurred expenditure in connection with a transaction where the parties to the transaction are not dealing with each other at arm's length in relation to the transaction; and
 (b) apart from this section, the expenditure is counted for the purposes of the application of this Division; and
 (c) the amount of the expenditure is greater or less than is reasonable;
the ABA may, by writing, determine that the amount of the expenditure is taken, for the purposes of the application of this Division in relation to the parties to the transaction, to be the amount that would have been reasonable if the parties were dealing with each other at arm's length.

 (2) A determination under subsection (1) has effect accordingly.