Customs valuation obligations in related party transactions

It’s recommended to be proactive with Voluntary Disclosures as they can protect from prosecution if made before Australian Border Force audit activity has commenced, as detailed by Daniel Rae, Onur Tekin and Jake Callaghan.

For Australian customs purposes the value of imported goods is typically calculated by the 'transaction value'. That is, the price actually paid or payable in the contract of sale for the importation of the goods into Australia, plus price related costs. Transfer Pricing adjustments In circumstances where a purchaser and vendor are related parties, the importer may be required to demonstrate that the relationship did not influence the price of the goods. Practically, importers often rely o...

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Authors: Daniel Rae, Onur Tekin,

Published Date: 24 February 2026