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INCOME TAX (TRANSITIONAL PROVISIONS) ACT 1997 - SECT 815.5

Cross-border transfer pricing guidance

                   Despite section 815-20 of the Income Tax Assessment Act 1997 , the documents covered by that section for an income year that starts before 1 July 2012 are taken to be as follows:

                     (a)  the Model Tax Convention on Income and on Capital, and its Commentaries, as adopted by the Council of the Organisation for Economic Cooperation and Development and last amended before the start of the income year;

                     (b)  the Transfer Pricing Guidelines for Multinational Enterprises and Tax Administrations, as approved by that Council and last amended before the start of the income year.



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