Tax Laws Amendment (2007 Measures No. 5) Act 2007 (164 of 2007)

Schedule 1   Tax preferred entities (asset financing)

Part 2   Consequential amendments

Income Tax Assessment Act 1997

61   Subsection 396-75(2) (example)

Repeal the example, substitute:

Example: The Commissioner may advise the Minister that:

· a lender is a foreign resident; or

· section 51AD of the Income Tax Assessment Act 1936 may apply to the project; or

· Division 250 may apply in relation to the land transport facilities.