Income Tax Assessment Act 1997

CHAPTER 3 - SPECIALIST LIABILITY RULES  

PART 3-10 - FINANCIAL TRANSACTIONS  

Division 240 - Arrangements treated as a sale and loan  

Subdivision 240-A - Application and scope of Division  

Operative provisions

SECTION 240-10  

240-10   Application of this Division  

An *arrangement is treated as a notional sale and notional loan if:

(a) the arrangement is listed in the table below; and

(b) the arrangement relates to the kind of property listed in the table; and

(c) any conditions listed in the table are satisfied.

Special provisions that apply to particular arrangements are also listed in the table.

Table

Table

This Division applies to:
	*Arrangements of this kind:	That relate to this kind of property:	If these conditions are satisfied:	Special provisions:
1	*Hire purchase agreement	Any goods	None	See Subdivision 240-I