Commentary on Sections Overview Overview Section 741: Application of section 742 (partial exemption)
2186.This section lays down the conditions for section 742 (partial exemption where later associated operations fail conditions) to apply. It is based on section 741D(1) to (5) and (9) of ICTA.
2187.In summary, this section applies if an arrangement originally satisfies the purpose tests but is tainted by later associated operations.