Tax Laws Amendment (2007 Measures No. 5) Act 2007 (164 of 2007)

Schedule 1   Tax preferred entities (asset financing)

Part 1   Main amendments

Income Tax Assessment Act 1997

11   Subsection 995-1(1)

Insert:

guaranteed residual value for an asset that is put to a tax preferred use has the meaning given by subsection 250-85(3).