Income Tax Act 2007 section 715

Meaning of "relevant transaction"

Section 715 defines what counts as a "relevant transaction" for the purposes of the transfer of assets abroad rules in Chapter 2 of Part 13.

• A "relevant transaction" is a key term used throughout the transfer of assets abroad provisions
• It covers two categories: a "relevant transfer" or an "associated operation"
• The definition of "relevant transfer" is found in section 716, and "associated operation" in section 719
• The term serves as a convenient label that captures both types of transaction under a single heading