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
18 Paragraph 128F(5)(c)
Repeal the paragraph, substitute:
(c) the debenture or interest, or the debt interest, was not being, or would not be, acquired by the associate in the capacity of:
(i) a dealer, manager or underwriter in relation to the placement of the debenture or debt interest; or
(ii) a clearing house, custodian, funds manager or responsible entity of a registered scheme.
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