New International Tax Arrangements (Managed Funds and Other Measures) Act 2005 (21 of 2005)

Schedule 3 Interest withholding tax

Repeal the paragraph, substitute:

(c) the debenture or interest, or the debt interest, was not being, or would not be, acquired by the associate in the capacity of:

(i) a dealer, manager or underwriter in relation to the placement of the debenture or debt interest; or

(ii) a clearing house, custodian, funds manager or responsible entity of a registered scheme.