INCOME TAX ASSESSMENT ACT 1997

CHAPTER 3 - SPECIALIST LIABILITY RULES  

PART 3-10 - FINANCIAL TRANSACTIONS  

Division 230 - Taxation of financial arrangements  

Subdivision 230-A - Core rules  

General rules

SECTION 230-85   230-85   Rights and obligations include contingent rights and obligations  


To avoid doubt:


(a) a right is treated as a right for the purposes of this Division even if it is subject to a contingency; and


(b) an obligation is treated as an obligation for the purposes of this Division even if it is subject to a contingency.


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