Income tax: is a lease acceptable if it is based on a $1 residual value or if the lease is for the useful life of the asset?

Taxation Determination TD 94/20 is withdrawn with effect from 1 July 2001.

The position adopted by the Commissioner in this Determination is under review having regard to the commencement of the new Division 40 of the Income Tax Assessment Act 1997 on 1 July 2001.