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

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

Part 5   Application of amendments

108   Amendments related to arrangements treated as sale and loan

 

(1) Division 240 of the Income Tax Assessment Act 1997 applies to arrangements entered into after 27 February 1998.

      

(2) The amendments made by Part 2 of this Schedule (other than by item 35) apply to arrangements entered into after 27 February 1998.

      

(3) The amendment made by item 35 of this Schedule applies to assessments for the 1998-99 income year and later income years.