SCHEDULES

SCHEDULE 2Transitionals and savings

Part 12Manufactured payments and repos

Tax credits: stock lending arrangements and repos

109

1

Section 592(3) does not apply if the qualifying distribution was received by the borrower before the relevant date.

2

The relevant date is—

a

if the borrower is an individual, 6 November 2003, and

b

if the borrower is not an individual, 17 March 2004.