Commonwealth of Australia Consolidated Acts

INCOME TAX ASSESSMENT ACT 1997 - SECT 40.885

                   If you incurred capital expenditure, or received an amount, under an * arrangement and:

                     (a)  there is at least one other party to the arrangement with whom you did not deal at * arm's length; and

                     (b)  apart from this section:

                              (i)  the amount of the expenditure would be more than the * market value of what it was for; or

                             (ii)  the amount you received would be less than the market value of what it was for;

the amount of expenditure, or the amount received, you take into account under this Subdivision is that market value.

Guide to Subdivision 40-J