Income Tax Act 2007 section 809BZP

Power to make further exceptions

Section 809BZP gives the Treasury the power to create regulations that add further exceptions to the finance arrangements anti-avoidance rules.

• The Treasury may prescribe additional circumstances where the finance arrangement anti-avoidance codes do not apply
• Regulations may amend the existing exceptions in sections 809BZN and 809BZO
• Regulations can be backdated, but not to any time before 6 June 2006
• The regulation-making power includes the ability to make different provision for different cases, and to include incidental, supplemental, consequential and transitional provisions