Commonwealth Consolidated Acts Commonwealth Consolidated Acts(1) An entity must keep records under this section for an * arm's length debt amount or * arm's length capital amount that the entity worked out for the purposes of this Division.
(2) The records must contain particulars about the factual assumptions and relevant factors mentioned in section 820 - 105, 820 - 215, 820 - 315 or 820 - 410 (as appropriate) that have been taken into account in working out that amount.
(3) The entity must prepare the records before the time by which the entity must lodge its * income tax return for the income year in relation to all or a part of which the amount is worked out.
Note: A person must comply with the requirements in section 262A
of the Income Tax Assessment Act 1936 about the keeping of these records (see
subsections (2AA) and (3) of that section) .