CTHRepealedLegislation
Petroleum Resource Rent Tax Assessment Regulation 2015
12Non‑arm’s length transaction
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12 Non‑arm’s length transaction
A transaction is a non‑arm’s length transaction if the Commissioner, having regard to any connection between the parties to the transaction or to any other relevant circumstances, is satisfied that the parties to the transaction are not dealing with each other at arm’s length in relation to the transaction.