Income Tax Act 2007 section 809BZR

Arrangements

Section 809BZR defines what is meant by an "arrangement" for the purposes of this chapter of the legislation.

• The term "arrangement" is given a deliberately broad definition within this chapter.
• An arrangement includes any agreement between parties, whether formal or informal.
• An arrangement also covers any understanding between parties, even if nothing is written down.
• It does not matter whether the arrangement is legally enforceable — it is still caught by the rules.