INCOME TAX ASSESSMENT ACT 1997 - SECT 240.75 When is the end of the arrangement?
INCOME TAX ASSESSMENT ACT 1997 - SECT 240.75
When is the end of the arrangement?(1) If the * arrangement is stated to cease to have effect at a particular time, it is taken for the purposes of this Division to end (even if it is extended or renewed) at the earlier of:
(b) the time at which the arrangement ceases to have effect (whether because the arrangement is terminated or for any other reason).
Note: Section 240 - 80 deals with extensions and renewals.
(2) An * arrangement is taken to have ended if it is extended or renewed.
(3) If the * arrangement is of indefinite duration, it ends at the time at which the arrangement ceases to have effect even if the * arrangement is renewed.
Note: Section 240 - 80 deals with extensions and renewals.
(4) An * arrangement is taken to have ended if it is reasonable to conclude, having regard to the terms and conditions of the * arrangement, that the arrangement has ceased to have effect.
(5) An * arrangement is also taken to have ended if the property
has been lost or destroyed.