This Division applies to an * arrangement that:
(a) in substance or effect, depends on the use of a specific asset that is:
(ii) goods or a personal chattel (other than money or a money equivalent); and
(b) gives a right to control the use of the asset (other than temporarily for the purpose of ensuring public health or safety, protecting the environment or continuing the supply of an essential service); and
in the same way as it applies to a lease.
Note: Even if this section applies to treat an arrangement in relation
to an asset as a lease, the requirements in section 250 - 50 still need
to be satisfied before an entity can be an end user of the asset.