Document ID: chunk:federal_register_of_legislation:C2025C00014:section:47a:p2
Version: federal_register_of_legislation:C2025C00014
Segment Type: section
Provision Reference: s 47A (pt 2/13)
Character Range: 302590–305244

benefit was provided to:
 (i) an associated entity in relation to the first company; or
 (ii) another entity that, immediately after the time of the provision of the eligible benefit, was an associated entity in relation to the first company;
 (b) the eligible benefit was provided by:
 (i) the first company; or
 (ii) an entity (in this subsection called the arranger) other than the first company under an arrangement between:
 (A) the first company; and
 (B) the arranger or another entity;
 (c) if subparagraph (b)(ii) applies—the first company made, or entered into an undertaking to make, one or more transfers of property or services to the arranger or to another entity (which transfers are in this section called the arrangement transfers) that are attributable, in whole or in part, to the provision of the eligible benefit.
 (4) Where the first company entered into an undertaking to make one or more arrangement transfers, the time of the arrangement transfers is the time the undertaking was entered into.
 (5) Where, at a particular time, an entity (in this subsection called the provider) waives or releases the obligation of another entity (in this subsection called the recipient) to pay or repay to the provider an amount:
 (a) the waiver or release is taken to constitute an eligible benefit provided at that time by the provider to the recipient; and
 (b) if the eligible benefit is a distribution benefit in relation to the first company—each of the following times is a distribution time for the eligible benefit:
 (i) if the eligible benefit was provided by the first company—the time of the provision of the eligible benefit; or
 (ii) in any other case—the time, or each of the times, of the arrangement transfers concerned;
 (c) if the eligible benefit is a distribution benefit in relation to the first company—the distribution payment in relation to the distribution time is:
 (i) if the benefit was provided by the first company—the amount the payment or repayment of which is waived or released; or
 (ii) in any other case—so much of the amount or market value of the arrangement transfer as is attributable to the provision of the eligible benefit.
 (6) For the purposes of subsection (5), an entity is taken to be under an obligation to pay or repay an amount even if the amount is not due for payment or repayment.
 (7) Where, at a particular time, an entity (in this subsection called the provider) makes a loan to another entity (in this subsection called the recipient), where:
 (a) the parties to the loan are not at arm's length with each other in relation to the loan; or
 (b) the purpose, or one of the purposes, of