INCOME TAX ASSESSMENT ACT 1997 - SECT 240.65 Arrangement payments

INCOME TAX ASSESSMENT ACT 1997 - SECT 240.65

    An arrangement payment is an amount that the * notional buyer is required to pay under the * arrangement but does not include:

  (a)   an amount in the nature of a penalty payable for failure to make a payment on time; or

  (b)   a * termination amount.