Treasury Laws Amendment (2020 Measures No. 6) Act 2020 (141 of 2020)

Schedule 4   Minor and technical amendments

Part 1   Amendments commencing day after Royal Assent

Division 1   Amendments

Taxation Administration Act 1953

80   Paragraph 396-130(1)(d) in Schedule 1

Repeal the paragraph, substitute:

(d) one or more of the following:

(ia) the Reporting Financial Institution;

(ib) the Account Holder (within the meaning of the CRS);

(ic) an intermediary of the Reporting Financial Institution or the Account Holder;

(id) any other entity;

undertook a transaction, or entered into an *arrangement:

(i) for the purpose of causing the account not to be such a Reportable Account; or

(ii) for 2 or more purposes of which that purpose is the dominant purpose.