Document ID: chunk:federal_register_of_legislation:C2011C00519:clause:1_1:p12
Version: federal_register_of_legislation:C2011C00519
Segment Type: clause
Provision Reference: sch 1 cl 1 (pt 12/20)
Character Range: 35118–37719

a member of the tax preferred sector.

 (6) For the purposes of this Division, disregard a *financial benefit *provided in relation to the tax preferred use of the asset to the extent to which it consists solely of routine maintenance of the asset.

 (7) For the purposes of this Division, if a *financial benefit is provided in relation to the use of a number of assets, a separate financial benefit of an amount or value that is reasonably attributable to each asset is taken to be provided in relation to each asset.

 (8) To avoid doubt, a *financial benefit may be provided in relation to a tax preferred use of an asset even though it is provided before the *tax preferred use of the asset starts.

 (9) For the purposes of this Division:
 (a) a *financial benefit that is not an amount:
 (i) is taken to become due and payable when the entity providing the financial benefit becomes liable to provide the financial benefit; and
 (ii) is taken to be paid when it is provided; and
 (b) a financial benefit that is paid without becoming due and payable is taken to have become due and payable on the day on which it was paid.

250‑90  Financial benefit provided directly or indirectly

  For the purposes of this Division, a person (the provider) is taken to provide a *financial benefit to a person (the recipient) in relation to a *tax preferred use of an asset whether the financial benefit is provided to the recipient:
 (a) directly; or
 (b) indirectly (including indirectly through an entity that is not a *connected entity of the recipient and is not a connected entity of the provider).

250‑95  Expected financial benefits in relation to an asset put to tax preferred use

  For the purposes this Division, the expected financial benefits at a particular time in relation to an asset that is *put to a tax preferred use are the *financial benefits that, at that time:
 (a) have been; or
 (b) will, assuming normal operating conditions, be; or
 (c) can, assuming normal operating conditions, reasonably be expected to be;
*provided in relation to the tax preferred use of the asset by a *member of the tax preferred sector to someone who is not a member of the tax preferred sector.

Note: Paragraphs 250‑85(1)(b), (c) and (d) provide for certain benefits provided in relation to the end of the tax preferred use of the asset or in relation to the purchase, disposal or transfer of the asset to be treated as financial benefits provided in relation to the tax preferred use of the asset.

250‑100  Present value of financial benefit that has already been provided

  For the purposes of