Commonwealth Consolidated Acts Commonwealth Consolidated Acts(1) You also have a financial arrangement if you have an * equity interest. The equity interest constitutes the financial arrangement.
(2) You also have a financial arrangement if:
(a) you have, under an * arrangement:
(i) a legal or equitable right to receive something that is a financial arrangement under this section; or
(ii) a legal or equitable obligation to provide something that is a financial arrangement under this section; or
(iii) a combination of one or more such rights and/or obligations; and
(b) the right, obligation or combination does not constitute, or form part of, a financial arrangement under subsection 230 - 45(1).
The right, obligation or combination referred to in paragraph (a) constitutes the financial arrangement.
Note 1: Paragraph 230 - 40(4)(e) prevents the accruals method or the realisation method being applied to something that is a financial arrangement under this section.
Note 2: Subsection 230 - 270(1) prevents the retranslation method being applied to something that is a financial arrangement under this section.
Note 3: Subsection 230 - 330(1) prevents the hedging method being applied to something that is a financial arrangement under this section.