Tax Laws Amendment (Taxation of Financial Arrangements) Act 2009 (15 of 2009)
Schedule 1 Amendments
Part 1 Main amendments
Income Tax Assessment Act 1997
21 Subsection 995-1(1) (definition of money equivalent )
Repeal the definition, substitute:
money equivalent means:
(a) a right to receive money or something that is a *money equivalent under this definition; or
(b) a *financial arrangement (within the meaning of section 230-45).
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