1084
In forceCertain money and financial investments not taken into account
Volume 3Chapter 2AA, Part 2AA.1 to Chapter 3, Part 3.12 (sections 1061ZVAA to 1157)
Chapter 3General provisions relating to payability and rates
Part 3.10General provisions relating to the ordinary income test
Division 1BIncome from financial assets (including income streams (short term) and certain income streams (long term))
1084 Certain money and financial investments not taken into account
(1)
The Minister may determine that:
(a)
specified financial investments; or
(b)
a specified class of financial investments;
are not to be regarded as financial assets for the purposes of section 1076, 1077 or 1078.
(2)
If a financial investment is an unrealisable asset for the purposes of section 1129, 1130B or 1131, the financial asset is not to be regarded as a financial asset for the purposes of section 1076, 1077 or 1078.
(3)
A determination under subsection (1):
(a)
must be in writing; and
(b)
takes effect on the day on which it is made or on such other day (whether earlier or later) as is specified in the determination.
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