PART 8Consequential amendments
Amendments to the Income Tax Act 2007I124
1
The Income Tax Act 200766 is amended as follows.
2
In section 886 (interest paid by recognised clearing house)—
a
in subsection (1)—
i
for “recognised clearing house (“RCH”) or recognised investment exchange (“RIE”)” substitute “relevant entity”,
ii
in paragraph (a) for “RCH or RIE” substitute “relevant entity”;
b
in subsection (2) for “an RCH or RIE” substitute “a relevant entity”;
c
in subsection (3)—
i
in the definition of “central counterparty clearing service” for “an RCH or RIE”, substitute “a relevant entity” and for “the RCH or RIE” substitute “the relevant entity”;
ii
omit the definition of ““recognised clearing house” and “recognised investment exchange””;
iii
after the definition of “central counterparty clearing service” insert—
“relevant entity”, means any of the following (as defined for the purposes of FISMA 2000 by section 285 of that Act)—
- a
a recognised clearing house;
- b
a recognised investment exchange;
- c
an EEA central counterparty;
- d
a third country central counterparty.