Tax Laws Amendment (Taxation of Financial Arrangements) Act 2009 (15 of 2009)

Schedule 1   Amendments

Part 4   Amendments relating to Division 775

New Business Tax System (Taxation of Financial Arrangements) Act (No. 1) 2003

113   Paragraph 77(1)(b) of Schedule 4

Repeal the paragraph, substitute:

(b) for the purposes of working out the assessable income or allowable deductions of:

(i) an ADI or a non-ADI financial institution (within the meaning of the Income Tax Assessment Act 1997); or

(ii) a securitisation vehicle (within the meaning of that Act); or

(iii) an entity that satisfies the requirements of subsection 820-39(3) of that Act;