Income Tax Assessment Act 1997

CHAPTER 4 - INTERNATIONAL ASPECTS OF INCOME TAX  

PART 4-5 - GENERAL  

Division 842 - Exempt Australian source income and gains of foreign residents  

Subdivision 842-I - Investment manager regime  

IMR concessions

SECTION 842-225   Meaning of IMR financial arrangement  

842-225(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 ).

842-225(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).


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