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

Schedule 3   Interest withholding tax

Part 1   Updating certain concepts

Income Tax Assessment Act 1936

2   Subsection 128A(1B)

Repeal the subsection, substitute:

(1B) Subsection (1A) applies as if:

(a) paragraph (c) of the definition of qualifying security in subsection 159GP(1) were omitted; and

(b) paragraph (a) of the definition of security in that subsection included a reference to debt interests.