CITM4360 - Alternative finance arrangements (AFAs): Modifying the CITR rules to accommodate AFAs - FA05/s49A arrangements

Where an arrangement falls within FA05/s49A, the following table shows how the CITR rules are modified to equate aspects of conventional loans with those of FA05/s49A arrangements.

Conventional Loan	FA05/s49A arrangement
Amount of loan	Amount of money provided by principal to agent
Loan being drawn down over a period of time	Principal providing money to agent in instalments
Date a loan is first drawn down	Date the first instalment is provided to the agent
Amount drawn down	Value of instalments provided to the agent
Capital outstanding	Balance of repayable money provided to the agent
Repayment	Any repayment of money provided to the agent
Beneficial owner of the loan	Person beneficially entitled to repayment of money provided to the agent
Disposal of all or part of a loan	Disposal of the right to receive all or part of money provided to the agent