Income Tax Act 2007 section 809BZM

Exceptions: preliminary

Section 809BZM is an introductory provision that sets the scene for the exceptions to the finance arrangement rules, identifying the three types of finance arrangement code that may be disapplied in certain circumstances.

• This section introduces the exceptions contained in sections 809BZN to 809BZP, which set out when the finance arrangement rules do not apply.
• There are three finance arrangement codes: type 1 arrangements (sections 809BZA to 809BZE), type 2 arrangements (sections 809BZF to 809BZI), and type 3 arrangements (sections 809BZJ to 809BZL).
• Each group of provisions dealing with a particular type of arrangement is referred to as a "finance arrangement code" for the purposes of the exception rules.
• The exceptions may disapply any one or more of these three codes, depending on the specific circumstances of the arrangement in question.