Section 486F | Introduction to Chapter

(1)This Chapter provides for Part 5 to apply in relation to a company to which an income stream transfer is made (“ the transferee ”).

(2)An “income stream transfer” is a transfer by a person (“ the transferor ”) to which either of the following provisions applies—

(a)Chapter 1 of Part 16 of CTA 2010 (transfers of income streams by companies), or

(b)Chapter 5A of Part 13 of ITA 2007 (transfers of income streams by individuals).