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The ANZSRC Socio-economic Objective (SEO) classification can be found on the Australian Bureau of Statistics website.
The ANZSRC codes are a classification system owned and maintained by Statistics New Zealand in collaboration with the Australian Bureau of Statistics. These codes cover all possible research types, some of which are excluded from eligibility for the research and development (R&D) tax credit.
Find out what activities are excluded.
A deal made between non-related parties, who are not associated persons.
The price that would be paid for a supply if it were made in an arm's length transaction.
In certain situations, if the parties to a transaction are closely related to each other , the Income Tax Act 2004 deems them to be associated persons. This applies to:
The associated persons rules have recently been amended and have the following application dates;
Transactions involving land
Transactions other than land
Information about the amended rules will be available on the Policy Advice Division's Special Reports section from 21 October 2009.
The total amount inclusive of tax, paid or payable to a supplier for a supply of goods or services. Consideration can be in money or in a non-monetary form. It can take the form of goods or services.
The ownership of more than 50% of a company's voting stock; or a significant fraction, even if less than 50%, if the rest of the shares are not actively voted.
New Zealand, or similar words referring to New Zealand, when used as a territorial description, mean the islands and territories within the Realm of New Zealand; but do not include the self-governing State of the Cook Islands, the self-governing State of Niue, or the Ross Dependency.
Business records that you will need to keep in order to support your business' audit or tax requirements.