Minerals Resource Rent Tax (Consequential Amendments and Transitional Provisions) Act 2012 (14 of 2012)

Schedule 3   Amendment of other Acts

Part 1   Amendments commencing at the same time as the Minerals Resource Rent Tax Act 2012 commences

Income Tax Assessment Act 1997

50   Subsection 995-1(1)

Insert:

arm's length consideration has the meaning given by section 300-1 of the Minerals Resource Rent Tax Act 2012.