Document ID: chunk:federal_register_of_legislation:C2025C00014:section:159ge:p4
Version: federal_register_of_legislation:C2025C00014
Segment Type: section
Provision Reference: s 159GE (pt 4/6)
Character Range: 1351104–1353692

property, means eligible property that is:
 (a) a building or a part of a building; or
 (b) a structure that is a fixture or a part of such a structure.
eligible spectrum licence means a spectrum licence within the meaning of the Income Tax Assessment Act 1997.
exempt public body means:
 (a) the Commonwealth, a State or a Territory; or
 (aa) an STB (within the meaning of Division 1AB) the income of which is wholly exempt from tax; or
 (b) a municipal corporation or other local governing body, the income of which is wholly exempt from tax; or
 (c) a public authority:
 (i) that is constituted by or under a law of the Commonwealth, a State or a Territory; and
 (ii) the income of which is wholly exempt from tax.
payment portion, in relation to an arrangement payment in relation to an eligible amount in relation to an item of eligible property, means so much of the arrangement payment as the Commissioner considers is attributable to the eligible amount in relation to the item of eligible property.
person includes an exempt public body.
total notional principal, in relation to an eligible amount in relation to an item of eligible property in relation to an application period, means the sum of all notional principal amounts (if any) in relation to payment portions of arrangement payments in relation to the eligible amount in relation to the application period.
Note: This Division applies to deductions under Division 40 (Capital allowances) and Division 43 (Capital works) of the Income Tax Assessment Act 1997 as if you were the owner of an asset you hold (under that Division) instead of any other person: see section 40‑135 of that Act.
 (2) For the purposes of the definition of  arrangement period in subsection (1), a reference in that definition to the total period during which an arrangement is, at a particular time, likely to be in force in relation to an item of eligible property that at that time is, or is included in, arrangement property in relation to the arrangement is a reference to:
 (a) where at that time the total period during which the arrangement was, or is, to be in force in relation to that item of eligible property (including any period before that time when the arrangement was in force in relation to that item) was or is specified in or ascertainable in accordance with the arrangement—that period; and
 (b) in any other 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