Any term or expression contained in this notice to which a meaning has been assigned in a "tax Act" as defined in section 1 of the Tax Administration Act, 2011, has the meaning so assigned, unless the context indicates otherwise and the following terms have the following meaning—

"connected person"

means a "connected person" as defined in section 1 of the Income Tax Act, read with section 31(4) of the Income Tax Act;

"potentially affected transaction"

means an "affected transaction", as defined in section 31 of the Income Tax Act, without regard to paragraph (b) of the definition, but excludes any transaction, operation, scheme, agreement or understanding contemplated in section 31(5), (6) or (7) of the Income Tax Act;

"tested party"

means the party to a potentially affected transaction that has been selected for the application of a transfer pricing method.