Commonwealth Consolidated Acts Commonwealth Consolidated Acts(1) For the purposes of section 250 - 40, the discount rate to be used in working out the present value of a future amount is the * long term bond rate for the * financial year in which the relevant * arrangement period starts.
(2) For the purposes of section 250 - 135 and Subdivisions 250 - C and 250 - D, the discount rate to be used in working out the present value of a future amount is a rate that reflects a constant periodic rate of return (worked out on a compounding basis) on the investment in:
(a) the asset referred to in subparagraph 250 - 15(d)(i) if that subparagraph applies; or
(b) the expenditure referred to in paragraph 250 - 15(d)(ii) if that subparagraph applies;
that is implicit in the * arrangements under which the asset is * put to a tax preferred use and * financial benefits are * provided in relation to that tax preferred use.