Taxation Laws Amendment Act (No. 1) 2001 (72 of 2001)

Schedule 2   Arrangements treated as a sale and loan and limited recourse debt

Part 2   Consequential amendments: arrangements treated as a sale and loan

Income Tax Assessment Act 1997

22   At the end of section 42-55

Add:

Notional sales and notional loans

(9) Division 240 has special rules in respect of the *arrangements that are taken to be a notional sale and *notional loan.