INCOME TAX ASSESSMENT ACT 1997

CHAPTER 2 - LIABILITY RULES OF GENERAL APPLICATION  

PART 2-1 - ASSESSABLE INCOME  

Division 20 - Amounts included to reverse the effect of past deductions  

Subdivision 20-B - Disposal of a car for which lease payments have been deducted  

Miscellaneous rules

SECTION 20-155   20-155   Exception for particular cars taken on hire  


This Subdivision does not apply to these kinds of leases:


(a) letting a * car on hire under a * hire purchase agreement; or


(b) letting a * car on hire under an agreement of a kind ordinarily entered into by people who take cars on hire intermittently on an hourly, daily, weekly or monthly basis.


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