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

Schedule 1   Tax preferred entities (asset financing)

Part 2   Consequential amendments

Income Tax Assessment Act 1997

38   Section 12-5 (table item headed "leases")

After:

finance leases and arrangements, use of property if end-user an exempt public body or use outside Australia to produce exempt income


159GE to 159GO

insert:

leases of assets being put to tax preferred use

Division 250

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