Amendment status not verified — confirm the current text below against the official source.
Transactions between related parties (a) a registered dealer sells or gives goods to a related person; (b) the terms or conditions of the transaction have been influenced by the relationship; and (c) if the related person had purchased the goods, the related person would not be entitled to a tax credit for the purchase, or the amount of the tax credit would be reduced under section 9(3); the transaction shall be deemed to be a sale made by the registered dealer and the sale price of the goods shall be deemed to be their fair market value. CHAPTER IV. REGISTRATION, APPROVALS AND SECURITY