Tax Laws Amendment (2007 Measures No. 5) Act 2007 (164 of 2007)

Schedule 1   Tax preferred entities (asset financing)

Part 1   Main amendments

Income Tax Assessment Act 1997

14   Subsection 995-1(1)

Insert:

money equivalent means a right to receive:

(a) money; or

(b) something that is a *money equivalent under this definition.