On 4 April 2018, the Australian Taxation Office published an update to the practical compliance guideline on simplified transfer pricing record keeping options that was originally published in February 2017 ({News-2017-02-24/A/2-previous coverage}). The update provides the minimum interest rate for the simplified option for low-level outbound loans for the 2018 income year, which is set at 3.79%. This rate forms part of the eligibility conditions for the simplified option, which include, amon…