Document ID: chunk:federal_register_of_legislation:C2025C00014:section:202ddb:p1
Version: federal_register_of_legislation:C2025C00014
Segment Type: section
Provision Reference: s 202DDB (pt 1/2)
Character Range: 1709690–1712433

202DDB  Quotation of tax file number in connection with indirectly held investment
 (1) If, apart from this section:
 (a) either of the following subparagraphs applies:
 (i) both of the following conditions are satisfied:
 (A) a body corporate (in this section called the  interposed entity) is the investor in relation to an investment (in this section called the secondary investment) with an investment body (in this section called the secondary investment body);
 (B) another person (in this section called the  primary investor) is entitled to receive from the interposed entity all or part of the income from the secondary investment (which right to receive the income or part of the income is in this section called primary investment);
 (ii) both of the following conditions are satisfied:
 (A) a person (in this section also called the primary investor) is the investor in relation to an investment (in this section also called the primary investment) covered by item 4 in the table in subsection 202D(1), being a deposit of money with a solicitor (in this section also called the interposed entity);
 (B) as a result of carrying out the purpose for which that investment was made, the interposed entity is the investor in relation to another investment (in this section also called the secondary investment) with an investment body (in this section also called the secondary investment body); and
 (b) either:
 (i) the secondary investment has a descriptive title which identifies all the primary investors; or
 (ii) the conditions set out in the regulations are satisfied;
the following provisions have effect for the purposes of this Part and Subdivision 12‑E in Schedule 1 to the Taxation Administration Act 1953:
 (c) the primary investor may quote his or her tax file number under section 202DB to the secondary investment body in connection with the secondary investment as if he or she were the investor in relation to the secondary investment;
 (d) if the primary investor quotes his or her tax file number as mentioned in paragraph (c)—the interposed entity is taken to have quoted his or her tax file number to the secondary investment body in connection with the secondary investment;
 (e) the interposed entity is not entitled to actually quote his or her tax file number to the secondary investment body in connection with the secondary investment;
 (f) the interposed entity is taken not to be an investment body in relation to the primary investment.
 (2) If there are 2 or more primary investors in relation to a primary investment, all the primary investors are taken to have quoted their tax file numbers as mentioned in paragraph (1)(c) if, and only if:
 (a) all of those primary investors are persons who, for the