Document ID: chunk:federal_register_of_legislation:C2025C00029:section:11:p10
Version: federal_register_of_legislation:C2025C00029
Segment Type: section
Provision Reference: s 11 (pt 10/20)
Character Range: 6653010–6655567

(a)—nil.
That excess is the amount of the indirect value shift.
 (4) The *market value of an economic benefit is to be determined as at the earliest time when it is reasonable to conclude that:
 (a) the economic benefit can be identified; and
 (b) paragraph (2)(b) is satisfied for that benefit.
For more rules affecting how the market value of an economic benefit is determined, see Subdivision 727‑D.
 (5) Neither the *losing entity nor the *gaining entity needs to be a party to the *scheme. A benefit can be provided by act or omission.
 (6) The indirect value shift happens at the *IVS time.
 (7) The IVS period for a *scheme starts immediately before the scheme is entered into and ends at the *IVS time.
 (8) A contingency that is artificial, or is virtually certain to be met, is treated under this Division as if it had been met.

727‑155  Providing economic benefits

Examples
 (1) These are some examples of an entity providing an economic benefit to another entity:
 (a) the first entity pays an amount to the other entity (in this case the *market value of the benefit is the amount of the payment);
 (b) the first entity provides an asset or services to the other entity;
 (c) the first entity does something that creates an asset in the hands of the other entity (for example, a company issues shares to its members);
 (d) the first entity incurs a liability to the other entity, or increases a liability it already owes to the other entity;
 (e) the first entity terminates all or part of a liability owed by the other entity;
 (f) the first entity does something that increases the market value of an asset that the other entity holds.
 (2) These examples are not intended to limit the meaning of providing an economic benefit.

Things treated as economic benefits
 (3) This Division applies as if the ending of:
 (a) a *primary equity interest or *secondary equity interest in an entity; or
 (b) a right that the owner of a *primary equity interest or *secondary equity interest in an entity has because of owning the interest;
were an economic benefit that the owner of the interest provides to that entity.

727‑160  When an economic benefit is provided in connection with a scheme
 (1) An economic benefit has been, is being, is to be, or might be, *provided by an entity to another entity in connection with a *scheme if, and only if:
 (a) the benefit has been, is being, is to be, or might be, provided under the scheme; or
 (b) the providing of the benefit is reasonably attributable to:
 (i) something that has been, is being, is to