Tax Laws Amendment (Taxation of Financial Arrangements) Act 2009 (15 of 2009)

Schedule 1   Amendments

Part 3   Application and transitional provisions

105   Application of financial arrangement amendments (arrangements that are not financial arrangements)

(1) Subject to this item, item 104 applies to arrangements that are not financial arrangements in the same way that it applies to financial arrangements.

(2) However, the method statement in subitem 104(13) applies to arrangements that are not financial arrangements in accordance with subitem (1) of this item as if:

(a) the reference in step 1 of that method statement to “Division 230 of the Income Tax Assessment Act 1997” were a reference to “Subdivision 775-F of the Income Tax Assessment Act 1997”; and

(b) the reference in step 2 of that method statement to “Division” were a reference to “Subdivision”.