New Business Tax System (Thin Capitalisation) Act 2001 (162 of 2001)

Schedule 2   Dictionary amendments

Income Tax Assessment Act 1997

31   Subsection 995-1(1)

Insert:

financial entity , at a particular time, means an entity other than an *ADI that is any of the following at that time:

(a) a registered corporation under the Financial Corporations Act 1974;

(b) a *securitisation vehicle;

(c) an entity that:

(i) holds a dealer's licence granted under Part 7.3 of the Corporations Law; and

(ii) carries on a *business of dealing in securities; and

(iii) does not carry on that business predominantly for the purposes of dealing in securities with, or on behalf of, the entity's *associates.