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

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

Part 3   Consequential amendments: limited recourse debt

Income Tax Assessment Act 1997

81   At the end of subsection 387-55(1)

Add:

Note 3: Where you have had a deduction under this Subdivision an amount may be included in your assessable income if the expenditure was financed by limited recourse debt that has terminated: see Division 243.