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

35   At the end of subsection 104-15(1)

Add:

Note: Division 240 provides for the inclusion of amounts under hire purchase agreements in assessable income.