Document ID: chunk:federal_register_of_legislation:C2011C00519:clause:1_2:p18
Version: federal_register_of_legislation:C2011C00519
Segment Type: clause
Provision Reference: sch 1 cl 2 (pt 18/21)
Character Range: 98511–101246

applying this Act to you, to be the *market value of the financial arrangement (or that part of the financial arrangement) at the time when you cease to have the financial arrangement (or that part of the financial arrangement).

Note 1: This amount may be relevant, for example, for the purposes of applying the provisions of this Act dealing with capital gains, capital allowances or trading stock to the thing acquired or the thing provided.

Note 2: The market value is to be used instead of the nominal value of the financial benefits to be provided under the financial arrangement.

 (5) If subsection (4) applies, you are taken to have provided, or received, as consideration for ceasing to have the *financial arrangement (or the part of the financial arrangement), *financial benefits whose value is equal to the market value of the financial arrangement (or that part of the financial arrangement) at the time when you ceased to have the financial arrangement.

 (6) If, but for this subsection:
 (a) subsection (5) would apply to your ceasing to have a *financial arrangement; and
 (b) subsection (1) or (4) would also apply to your ceasing to have the financial arrangement;
subsection (5) applies to your ceasing to have the financial arrangement and subsection (1) or (4) does not.

 (7) Without limiting subsections (1) and (4), the thing provided, or the thing acquired, need not be a tangible thing and may take the form of services, conferring a right, incurring an obligation or extinguishing or varying a right or obligation.

Subdivision 250‑F—Treatment of asset when Division ceases to apply to the asset

Table of sections

250‑285 Treatment of asset after Division ceases to apply to the asset
250‑290 Balancing adjustment under Subdivision 40‑D in some circumstances

250‑285  Treatment of asset after Division ceases to apply to the asset

 (1) For the purposes of Division 40, if:
 (a) this Division applies to you and an asset; and
 (b) the *arrangement period for the *tax preferred use of the asset ends at a particular time; and
 (c) the asset would have had an *adjustable value at that time, for the purposes of Division 40, if this Division had never applied to the asset;
the adjustable value of the asset, immediately after the end of the arrangement period, is taken to be equal to the amount worked out using the following method statement:

      Method statement
           Step 1. Work out whether section 250‑150 applies.
           Step 2. If section 250‑150 does not apply, the amount is the *end value of the asset at the end of the arrangement period.
           Step 3. If section 250‑150 does apply, the amount is worked out by:

                (a) multiplying the *end value of the