Commonwealth Consolidated Acts

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INCOME TAX ASSESSMENT ACT 1997 - SECT 727.240

What services certain provisions apply to

             (1)  Sections 727- 230, 727- 235, 727-700 and 727-725 apply only to services consisting of:

                     (a)  doing work (including professional work and giving professional advice or any other kind of advice); or

Note:       Examples include accounting or legal services; advertising services and financial management services.

                     (b)  providing (including allowing use of) facilities for entertainment, recreation or instruction; or

                     (c)  leasing, renting, hiring, or allowing the use of, any asset; or

                     (d)  packaging, transporting or storing any property; or

                     (e)  providing insurance; or

                      (f)  services provided, by a banker to a customer, in the course of the banker carrying on the business of banking; or

                     (g)  lending money or providing any other form of financial accommodation.

             (2)  It does not matter whether services covered by paragraph (1)(a) also involve supplying property.



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