Tax and Superannuation Laws Amendment (2015 Measures No. 1) Act 2015 (70 of 2015)

Schedule 3   Offshore banking units

Part 4   Eligible OB activities

Income Tax Assessment Act 1936

17   Section 121C (definition of eligible contract)

Repeal the definition, substitute:

eligible contract means:

(a) any of the following:

(i) a futures contract;

(ii) a forward contract;

(iii) an options contract;

(iv) a swap contract;

(v) a cap, collar, floor or similar contract; or

(b) a loan contract; or

(c) a securities lending or repurchase arrangement; or

(d) a non-deliverable forward foreign currency contract.