Commonwealth Consolidated Acts

INCOME TAX ASSESSMENT ACT 1997 - SECT 40.1025

    If an entity incurred capital expenditure under an * arrangement and:

  (a)   there is at least one other party to the arrangement with whom the entity did not deal at * arm's length; and

  (b)   apart from this section, the amount of the expenditure would be more than the * market value of what it was for;

the amount of expenditure taken into account under this Subdivision is that market value.