Document ID: chunk:federal_register_of_legislation:C2004A00897:clause:1_19
Version: federal_register_of_legislation:C2004A00897
Segment Type: clause
Provision Reference: sch 1 cl 19
Character Range: 222164–222752

19  Subsection 995‑1(1) (paragraph (c) of the definition of financial entity)
Repeal the paragraph, substitute:
 (c) an entity that:
 (i) is a financial services licensee within the meaning of the Corporations Act 2001 whose licence covers dealings in financial products mentioned in paragraphs 764A(1)(a), (b) and (j) of that Act; and
 (ii) carries on a *business of dealing in securities; and
 (iii) does not carry on that business predominantly for the purposes of dealing in securities with, or on behalf of, the entity's *associates.

Income Tax (Transitional Provisions) Act 1997