Commonwealth Consolidated Acts

INCOME TAX ASSESSMENT ACT 1997 - SECT 235.845

  (1)   Section   106 - 50 (about absolutely entitled beneficiaries) does not apply to an * instalment trust asset.

  (2)   Section   106 - 60 (about securities, charges and encumbrances) does not apply to an * instalment trust asset.

  (3)   Nothing in this Subdivision limits Division   247 (which is about capital protected borrowings).

Note:   Division   247 may apply to an arrangement to which this Subdivision applies.

Table of Subdivisions

  Guide to Division   240

240 - A   Application and scope of Division

240 - B   The notional sale and notional loan

240 - C   Amounts to be included in notional seller's assessable income

240 - D   Deductions allowable to notional buyer

240 - E   Notional interest and arrangement payments

240 - F   The end of the arrangement

240 - G   Adjustments if total amount assessed to notional seller differs from amount of interest

240 - H   Application of Division   16E to certain arrangements

240 - I   Provisions applying to hire purchase agreements