Income Tax Assessment Act 1997

CHAPTER 3 - SPECIALIST LIABILITY RULES  

PART 3-10 - FINANCIAL TRANSACTIONS  

Division 240 - Arrangements treated as a sale and loan  

Subdivision 240-E - Notional interest and arrangement payments  

Operative provisions

SECTION 240-65   240-65   Arrangement payments  


An arrangement payment is an amount that the *notional buyer is required to pay under the *arrangement but does not include:


(a) an amount in the nature of a penalty payable for failure to make a payment on time; or


(b) a *termination amount.


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