Tax Laws Amendment (Transfer of Provisions) Act 2010 (79 of 2010)
Schedule 3 Leases of luxury cars
Part 2 Consequential amendments
Income Tax Assessment Act 1997
40 Subsection 243-20(4)
Repeal the subsection, substitute:
(4) A notional loan arising because of Division 240 (about arrangements treated as a sale and loan) under a*hire purchase agreement is also a limited recourse debt .
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