Document ID: chunk:federal_register_of_legislation:C2011C00519:clause:1_1:p3
Version: federal_register_of_legislation:C2011C00519
Segment Type: clause
Provision Reference: sch 1 cl 1 (pt 3/20)
Character Range: 14057–16567

Subdivision 328‑D for the asset for that income year.

250‑25  Second exclusion—financial benefits under minimum value limit

 (1) This Division does not apply to you and an asset that is being *put to a tax preferred use under a particular *arrangement if, at the start of the *arrangement period, the total of the nominal values of all the *financial benefits that have been, or will be or can reasonably be expected to be, provided to you (or a *connected entity):
 (a) by *members of the tax preferred sector; and
 (b) in relation to the *tax preferred use of the asset or any other asset that is being, or is to be, put to a tax preferred use under the arrangement;
does not exceed $5 million.

 (2) The amount referred to in subsection (1) is indexed annually.

Note: Subdivision 960‑M shows you how to index amounts.

250‑30  Third exclusion—certain short term or low value arrangements

Certain short term or low value arrangements generally excluded

 (1) This Division does not apply to you and an asset that is being *put to a tax preferred use under a particular *arrangement if:
 (a) the *arrangement period for the *tax preferred use of the asset does not exceed:
 (i) 5 years if the asset is real property and the tax preferred use of the asset is a lease; or
 (ii) 3 years in any other case; or
 (b) at the start of the arrangement period, the total of the nominal values of all the *financial benefits that have been, will be or can reasonably be expected to be, provided to you (or a *connected entity):
 (i) by *members of the tax preferred sector; and
 (ii) in relation to the tax preferred use of the asset or any other asset that is being, or is to be, put to a tax preferred use under the arrangement;
  does not exceed:
 (iii) $50 million if the asset is real property and the tax preferred use of the asset is a lease; or
 (iv) $30 million in any other case; or
 (c) at the start of the arrangement period, the total of the values of all the assets that are put to a tax preferred use under the arrangement does not exceed:
 (i) $40 million if the asset is real property and the tax preferred use of the asset is a lease; or
 (ii) $20 million in any other case.
This subsection has effect subject to section 250‑35.

 (2) The amounts referred to in paragraphs (1)(b) and (c) are indexed annually.

Note: Subdivision 960‑M shows you how to index amounts.

250‑35  Exceptions to section 250‑30

Debt interests

 (1) Section 250‑30 does not apply if the *arrangement (either alone or