Document ID: chunk:federal_register_of_legislation:C2025C00029:section:3:p15
Version: federal_register_of_legislation:C2025C00029
Segment Type: section
Provision Reference: s 3 (pt 15/22)
Character Range: 7764261–7766920

*financial benefit mentioned in that subsection does not consist of either of the following or a combination of either of the following:
 (i) a liquid or monetary asset;
 (ii) an amount of money; and
 (b) the scheme requires the financial benefit mentioned in paragraph 974‑20(1)(c) to be provided within a period of no more than 100 days of the receipt of the first financial benefit mentioned in paragraph 974‑20(1)(b); and
 (c) the financial benefit mentioned in paragraph 974‑20(1)(c):
 (i) is in fact provided within that period; or
 (ii) is not provided within that period because the entity required to provide the benefit neglects to provide the benefit within that period (although willing to do so); or
 (iii) is not provided within that period because the entity required to provide the benefit is unable to provide the benefit within that period (although willing to do so); and
 (d) the scheme is not one of a number of *related schemes that together are taken to give rise to a *debt interest under subsection 974‑15(2).

Regulations
 (2) The regulations may make provision in relation to the application or operation of subsection (1). Without limiting this, the regulations may:
 (a) specify what constitutes a substantial part of a *financial benefit for the purposes of paragraph (1)(a); or
 (b) specify a period to be substituted for the period referred to in paragraph (1)(b).

974‑30  Providing a financial benefit

Issue of equity interest
 (1) The following do not constitute the provision of a *financial benefit by an entity or a *connected entity of the entity:
 (a) the issue of an *equity interest in the entity or a connected entity of the entity; or
 (b) an amount that is to be applied in respect of the issue of an equity interest in the entity or a connected entity of the entity.

Providing a financial benefit to an entity
 (2) A *financial benefit is taken to be provided to an entity if it is provided:
 (a) to the entity; or
 (b) on the entity's behalf; or
 (c) for the entity's benefit.

Obligation to provide future financial benefit
 (3) For the avoidance of doubt, if you have a present obligation to provide a *financial benefit to an entity at some time in the future:
 (a) the financial benefit is taken to be a financial benefit to be provided in the future; and
 (b) the obligation to provide the financial benefit is taken not to be a financial benefit being provided at the present.

974‑35  Valuation of financial benefits—general rules

Value in nominal terms or present value terms
 (1) For the purposes of this Subdivision:
 (a) the value of a *financial benefit received or provided under a *scheme is its