Commonwealth Consolidated Acts

[Index] [Table] [Search] [Search this Act] [Notes] [Noteup] [Previous] [Next] [Download] [Help]

INCOME TAX ASSESSMENT ACT 1997 - SECT 842.225

Meaning of IMR financial arrangement

             (1)  A * financial arrangement is an IMR financial arrangement unless it is or relates to a * CGT asset that is:

                     (a)  * taxable Australian real property (see section 855-20); or

                     (b)  an * indirect Australian real property interest (see section 855- 25).

             (2)  Without limiting subsection (1), a sub-underwriting arrangement that is not a * financial arrangement is an IMR financial arrangement if it was entered into by an * IMR entity for the purpose of providing for the entity to invest or trade in a financial arrangement that is an IMR financial arrangement under subsection (1).

IMR widely held entities



AustLII: Copyright Policy | Disclaimers | Privacy Policy | Feedback