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-E - Notional interest and arrangement payments  

Operative provisions

SECTION 240-70   Arrangement payment periods  

240-70(1)    
An * arrangement payment period is a period for which a payment under the *arrangement is allocated or expressed to be payable.

240-70(2)    
However, if a period exceeds 6 months, the period is not an *arrangement payment period but each of the following parts of the period is a separate arrangement payment period:

(a) the part of the period beginning at the start of that period and ending 6 months later;

(b) each part of the period:

(i) beginning immediately after a part of the period that is an arrangement payment period under paragraph (a) or under a previous application of this paragraph; and

(ii) ending 6 months after the start of that later part or at the end of the period, whichever first occurs.