Income Tax Assessment Act 1997

CHAPTER 2 - LIABILITY RULES OF GENERAL APPLICATION  

PART 2-1 - ASSESSABLE INCOME  

Division 20 - Amounts included to reverse the effect of past deductions  

Subdivision 20-B - Disposal of a car for which lease payments have been deducted  

Miscellaneous rules

SECTION 20-155  

20-155   Exception for particular cars taken on hire  

This Subdivision does not apply to these kinds of leases:

(a) letting a ^* car on hire under a ^* hire purchase agreement; or

(b) letting a ^* car on hire under an agreement of a kind ordinarily entered into by people who take cars on hire intermittently on an hourly, daily, weekly or monthly basis.