INCOME TAX ASSESSMENT ACT 1997 - SECT 250.25 Second exclusion--financial benefits under minimum value limit

INCOME TAX ASSESSMENT ACT 1997 - SECT 250.25

  (1)   This Division does not apply to you and an asset that is being * put to a tax preferred use under a particular * arrangement if, at the start of the * arrangement period, the total of the nominal values of all the * financial benefits that have been, or will be or can reasonably be expected to be, provided to you (or a * connected entity):

  (a)   by * members of the tax preferred sector; and

  (b)   in relation to the * tax preferred use of the asset or any other asset that is being, or is to be, put to a tax preferred use under the arrangement;

does not exceed $5 million.

  (2)   The amount referred to in subsection   (1) is indexed annually.

Note:   Subdivision   960 - M shows you how to index amounts.