Commonwealth Consolidated Acts Commonwealth Consolidated Acts(1) Section 106 - 50 (about absolutely entitled beneficiaries) does not apply to an * instalment trust asset.
(2) Section 106 - 60 (about securities, charges and encumbrances) does not apply to an * instalment trust asset.
(3) Nothing in this Subdivision limits Division 247 (which is about capital protected borrowings).
Note: Division 247 may apply to an arrangement to which this Subdivision applies.
Table of Subdivisions
Guide to Division 240
240 - A Application and scope of Division
240 - B The notional sale and notional loan
240 - C Amounts to be included in notional seller's assessable income
240 - D Deductions allowable to notional buyer
240 - E Notional interest and arrangement payments
240 - F The end of the arrangement
240 - G Adjustments if total amount assessed to notional seller differs from amount of interest
240 - H Application of Division 16E to certain arrangements
240 - I Provisions applying to hire purchase agreements