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

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

Part 3   Consequential amendments: limited recourse debt

Income Tax Assessment Act 1997

69   At the end of section 42-55

Add:

Limited recourse debt

(10) Where you have had a deduction under this Division an amount may be included in your assessable income if the expenditure was financed by limited recourse debt that has terminated: see Division 243.