Income Tax Assessment Act 1997

Part 3-10 inserted by No 72 of 2001.

Div 240 inserted by No 72 of 2001.

Subdiv 240-F inserted by No 72 of 2001.

S 240-78 repealed by No 79 of 2010 , s 3 and Sch 3 item 30, effective 1 July 2010. S 240-78 formerly read:

SECTION 240-78 Termination amounts  
240-78
A termination amount is an amount payable because an *arrangement ends and includes:

(a) if, at the end of the arrangement, the *notional buyer acquires the property from the *notional seller - an amount payable to the notional seller for the acquisition; or

(b) if, at the end of the arrangement, the property is lost or destroyed - any amounts paid to the notional seller (whether by the notional buyer or another entity) as a result of the loss or destruction of the property; or

(c) otherwise - the value of the property at the end of the arrangement.

S 240-78 inserted by No 72 of 2001.