Tax Laws Amendment (2008 Measures No. 5) Act 2008 (145 of 2008)

Schedule 5   Eligible investment business rules

Income Tax Assessment Act 1936

5   Section 102M

Insert:

excluded rent means rent worked out by reference to the profits or receipts of an entity that uses any of the relevant land under an arrangement that is designed to result in the transfer of all, or substantially all, of what would otherwise be the profits of the entity to another party to the arrangement.