Former s 124ZAJ repealed by No 164 of 2007, s 3 and Sch 10 item 41, effective 1 July 2010. S 124ZAJ formerly read:
SECTION 124ZAJ NON-ARM
'
S LENGTH TRANSACTIONS
124ZAJ(1)
Where:
(a)
but for this section and sections
124ZAK
,
124ZAL
and
124ZAM
, an amount expended by a person (in this subsection referred to as the
producer
) for the supply of goods or the provision of services would be taken, for the purposes of this Division, to be an amount expended in producing a film;
(b)
the Commissioner is satisfied, having regard to any connection between the producer and the person who supplied those goods or provided those services, or to any other relevant circumstances, that the producer and that person were not dealing with each other at arm
'
s length in relation to the transaction; and
(c)
the Commissioner is satisfied that the amount of moneys expended on the supply of those goods or the provision of those services exceeds the amount of moneys that would have been expended by the producer if the producer and the person supplying those goods or providing those services had dealt with each other at arm
'
s length,
then such part only of the amount of the moneys expended on the supply of those goods or the provision of those services as, in the opinion of the Commissioner, is reasonable shall be taken for the purposes of this Division to have been expended in producing the film.
124ZAJ(2)
A reference in subsection (1) to an amount expended by a person, in producing a film, for the provision of services includes a reference to an amount paid by the person to another person as consideration for the other person producing, or agreeing to produce, a film or a part of a film.
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