Document ID: chunk:federal_register_of_legislation:C2025C00014:section:7:p2
Version: federal_register_of_legislation:C2025C00014
Segment Type: section
Provision Reference: s 7 (pt 2/2)
Character Range: 1706880–1707683

the investment‑related betting chance; and
 (iii) the investment body referred to in paragraph 26AJ(1)(c) is the betting investment body in relation to the investment‑related betting chance; and
 (b) for the purposes of this Part, and for the purposes of Subdivision 12‑E in Schedule 1 to the Taxation Administration Act 1953:
 (i) the betting chance referred to in paragraph 26AJ(1)(c) is taken to be an investment; and
 (ii) the amount paid or credited is taken to be income in respect of the investment.
 (9) For the purposes of subsection (3), an entrepot nominee company is a body corporate that is:
 (a) controlled solely by a securities dealer or by 2 or more persons each of whom is a securities dealer; and
 (b) operated for the sole purpose of facilitating settlement of security transactions.