Document ID: chunk:federal_register_of_legislation:C2007A00079:clause:1_3
Version: federal_register_of_legislation:C2007A00079
Segment Type: clause
Provision Reference: sch 1 cl 3
Character Range: 5216–5695

3  After subsection 109D(4)
Insert:

Payment converted to loan before lodgment day

 (4A) If:
 (a) a private company makes a payment to an entity at a time in a year of income; and
 (b) the payment is converted to a loan before the end of the private company's lodgment day for the year of income;
for the purposes of this Division, treat the events mentioned in paragraphs (a) and (b) as the private company making a loan to the entity at the time mentioned in paragraph (a).