Tax Laws Amendment (Countering Tax Avoidance and Multinational Profit Shifting) Act 2013 (101 of 2013)

Schedule 2   Modernisation of transfer pricing rules

Part 2   Other amendments

Income Tax Assessment Act 1997

43   Subsection 995-1(1) (definition of transfer pricing benefit )

Repeal the definition, substitute:

transfer pricing benefit has the meaning given by sections 815-15, 815-120 and 815-220.