Document ID: chunk:federal_register_of_legislation:F2015L00842:reg:10:p2
Version: federal_register_of_legislation:F2015L00842
Segment Type: reg
Provision Reference: reg 10 (pt 2/2)
Character Range: 14946–16833

a retail carriage or other service that a participating person buys from another participating person for the purpose of resale.
 (3) The ACMA may, in writing, declare that a specified amount is an inter‑person input payment of a participating person, or declared related party or consolidated related party of the participating person, who is specified in the declaration.
 (4) The declaration may apply to more than one person or party mentioned in subsection (3) but not generally to all persons or parties.

Part 2 — Accounting concepts

11 Accounting on a group basis
 (1) This section applies if:
          (a) a participating person has the same ultimate Australian parent entity as one or more other participating persons; and
          (b) the ultimate Australian parent entity's annual consolidated financial statements include the sales revenue of the participating person, whether or not the statements include any revenue of entities other than the other participating persons mentioned in paragraph (a).
 (2) The participating person may make all of the calculations required by this determination in the participating person's own right, identifying and accounting for the participating person's own revenue and deductions, and those of any consolidated related parties and declared related parties of the participating person, in accordance with this determination.
 (3) As an alternative to subsection (2), 2 or more participating persons with the same ultimate Australian parent entity may make all of the calculations required by Parts 3 and 4 on a group basis, identifying and accounting for revenue and deductions as a whole.
Note: See section 36 for the calculation of net telecommunications sales revenue for participating persons within a group.
 (4) In this determination, the use of the accounting arrangements in subsection (3) is accounting on a group basis.