Commonwealth Consolidated Acts

INCOME TAX ASSESSMENT ACT 1997 - SECT 250.95

    For the purposes this Division, the expected financial benefits at a particular time in relation to an asset that is * put to a tax preferred use are the * financial benefits that, at that time:

  (a)   have been; or

  (b)   will, assuming normal operating conditions, be; or

  (c)   can, assuming normal operating conditions, reasonably be expected to be;

* provided in relation to the tax preferred use of the asset by a * member of the tax preferred sector to someone who is not a member of the tax preferred sector.

Note:   Paragraphs 250 - 85(1)(b), (c) and (d) provide for certain benefits provided in relation to the end of the tax preferred use of the asset or in relation to the purchase, disposal or transfer of the asset to be treated as financial benefits provided in relation to the tax preferred use of the asset.