Document ID: chunk:federal_register_of_legislation:C2025C00014:section:159ge:p1
Version: federal_register_of_legislation:C2025C00014
Segment Type: section
Provision Reference: s 159GE (pt 1/6)
Character Range: 1343802–1346394

159GE  Interpretation
 (1) In this Division:
arrangement includes:
 (a) any agreement, arrangement, understanding, promise or undertaking, whether express or implied, and whether or not enforceable, or intended to be enforceable, by legal proceedings; and
 (b) any scheme, plan, proposal, action, course of action or course of conduct whether unilateral or otherwise.
arrangement payment, in relation to an arrangement relating to the use, or the control of the use, of an item of property, means so much of any payment liable to be made under the arrangement as represents consideration for any one or more of the following:
 (a) the use of the item;
 (b) the control of the use of the item;
 (c) the sale or disposal of the item.
arrangement period, in relation to an item of eligible property that is, or is included in, arrangement property in relation to an arrangement at a particular time, means the period that is at that time the total period during which the arrangement is likely to be in force in relation to that item of eligible property (including any period before that time when the arrangement was in force in relation to that item of eligible property).
arrangement property means property that is, or is to be, used, or the use of which is, or is to be, controlled, under an arrangement.
assessable arrangement payment means an arrangement payment that, apart from this Division, would be included in whole or in part in the assessable income of a taxpayer of a year of income.
associate means, in relation to a person other than an exempt public body, any person who is an associate, within the meaning of section 318, in relation to the person or, in relation to an exempt public body:
 (a) a partner of the exempt public body or a partnership in which the exempt public body is a partner; or
 (b) if a partner of the exempt public body is a natural person otherwise than in the capacity of trustee—the spouse or a child of that partner; or
 (c) a trustee of a trust where the exempt public body, or another entity that is an associate of the exempt public body because of paragraph (a), (b) or (d), benefits under the trust; or
 (d) a company where:
 (i) the company is sufficiently influenced by:
 (A) the exempt public body; or
 (B) another entity that is an associate of the exempt public body because of paragraph (a), (b) or (c); or
 (C) another company that is an associate of the exempt public body because of another application of this paragraph; or
 (D) 2 or more entities covered by the preceding sub‑subparagraphs; or
 (ii) a majority voting interest in the