Section 657: Power to modify: redemption arrangements
1945.This section provides powers for regulations to modify the application of section 655 in relation to cases involving “redemption arrangements” (as defined in subsection (2)). It is based on section 737E of ICTA.
1946.The section makes provision for repos for the purposes of the accrued income scheme equivalent to that made for repos in Part 11 (manufactured payments and repos). See section 613.