Income Tax Assessment Act 1936

Div 3 heading inserted by No 172 of 1978.

S 73M repealed by No 93 of 2011, s 3 and Sch 3 item 44, effective 8 September 2011. For application, savings and transitional provisions see note under s 82KZLB . S 73M formerly read:

SECTION 73M MEANING OF AFFILIATE  
73M(1)
A person is an affiliate of another person if the person acts, or could reasonably be expected to act, in accordance with the other person ' s directions or wishes, or in concert with the other person, in relation to the affairs of the person ' s business or research and development expenditure.

73M(2)
Another partner in a partnership in which a person is a partner is not the person ' s affiliate only because the partner acts, or could reasonably be expected to act, in concert with the person in relation to the affairs of the partnership.

S 73M inserted by No 170 of 2001.