Document ID: chunk:federal_register_of_legislation:C2011C00610:clause:3_59
Version: federal_register_of_legislation:C2011C00610
Segment Type: clause
Provision Reference: sch 3 cl 59
Character Range: 166077–166778

59  Subsection 995‑1(1) (definition of termination amount)
Repeal the definition, substitute:

termination amount means an amount payable because an *arrangement in relation to property ends and includes:
 (a) if, at the end of the arrangement, one party to the arrangement acquires the property from the other party—an amount payable for the acquisition; or
 (b) if, at the end of the arrangement, the property is lost or destroyed—any amounts paid to the owner of the property as a result of the loss or destruction; or
 (c) otherwise—the *market value of the property at the end of the arrangement.

Part 3—Application and transitional provisions

Income Tax (Transitional Provisions) Act 1997