INCOME TAX ASSESSMENT ACT 1997 - SECT 842.225 Meaning of IMR financial arrangement

INCOME TAX ASSESSMENT ACT 1997 - SECT 842.225

  (1)   A * financial arrangement is an IMR financial arrangement unless it is or relates to a * CGT asset that is:

  (a)   * taxable Australian real property (see section   855 - 20); or

  (b)   an * indirect Australian real property interest (see section   855 - 25).

  (2)   Without limiting subsection   (1), a sub - underwriting arrangement that is not a * financial arrangement is an IMR financial arrangement if it was entered into by an * IMR entity for the purpose of providing for the entity to invest or trade in a financial arrangement that is an IMR financial arrangement under subsection   (1).