Document ID: chunk:federal_register_of_legislation:C2025C00014:section:159ge:p5
Version: federal_register_of_legislation:C2025C00014
Segment Type: section
Provision Reference: s 159GE (pt 5/6)
Character Range: 1353477–1356135

case—such period as would have been, or is, at that time the period during which the arrangement would be, or is, likely to be in force in relation to the item of property (including any period before that time when the arrangement was in force in relation to the item), having regard to the provisions of the arrangement and any other relevant circumstances in relation to the arrangement, or in relation to the item of property.
 (3) Nothing in this Division prevents an item of eligible property from being an item of eligible property by reason of the application of 2 or more paragraphs of the definition of eligible property in subsection (1).
 (4) For the purposes of the definition of total notional principal in subsection (1), where:
 (a) under section 159GK there is an interest amount within the meaning of that section in relation to a payment portion (not being a notional final payment portion within the meaning of that section) in relation to an arrangement payment; and
 (b) the interest amount is less than the amount of the payment portion;
there shall be taken to be a notional principal amount in relation to the payment portion of an amount equal to the difference between the interest amount and the amount of the payment portion.
 (5) Where:
 (a) under 2 or more successive arrangements relating to the use by a person, or the control by a person of the use, of property owned by another person, the same property is used by, or the use of the same property is controlled by, the same person or by persons who, in relation to each other, are associates; and
 (b) the Commissioner considers that the arrangements should be taken, for the purposes of this Division, to be a single arrangement;
the arrangements shall, for the purposes of this Division, be deemed to be a single arrangement entered into at the same time as the first of the arrangements, coming into force at the same time as the first of the arrangements and continuing in force until the expiration of the second or last, as the case requires, of the arrangements.
 (6) A reference in subsection (5) to successive arrangements includes a reference to:
 (a) where the arrangement periods of 2 or more arrangements overlap—those arrangements; and
 (b) where there is a period between the expiration of an arrangement and the commencement of another arrangement and the Commissioner considers that the arrangements should be taken to be successive arrangements for the purposes of that subsection—those arrangements.
 (7) Where this Division applies in relation to an item of eligible property in relation to a qualifying arrangement, a reference in this Division to the