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

Schedule 1   Amendments

Part 4   Amendments relating to Division 775

Income Tax Assessment Act 1997

110   At the end of section 960-55

Add:

(4) Despite subsection (1), section 960-50 does not apply for the purposes of working out the assessable income, deductions or tax offsets of:

(a) a *securitisation vehicle; or

(b) an entity that satisfies the requirements of subsection 820-39(3).