42. Transfer pricing.
(1) The Principal Act is amended by inserting the following after Part 35:
(1) In this Part -
'arrangement' means any agreement or arrangement of any kind (whether or not it is, or is intended to be, legally enforceable);
' authorised officer ' means an officer of the Revenue Commissioners authorised by them in writing for the purposes of this Part;
' chargeable period ' has the same meaning as in section 321(2);
'Commission Recommendation ' means Commission Recommendation 2003/361/EC of 6 May 2003 [OJ No. L124, 20.05.2003, p.36] concerning the definition of micro, small and medium-sized enterprises;
'double taxation relief arrangements ' means arrangements having effect by virtue of section 826;
'group' means a company which has one or more 75 per cent subsidiaries together with those subsidiaries;
'relevant activities', in relation to a person who is one of the persons between whom an arrangement is made, means that person's activities -
(a) which comprise the activities in the course of which, or with respect to which, that arrangement is made, and
(b) which are not activities carried on either separately from the activities referred to in paragraph (a) or for the purpose of a different part of that person's business;