Section 265B — Income Tax Assessment Act 1936: Notices in relation to certain securities

(1) Subject to subsection (2), for the purposes of this section: (a) expressions used in this section that are also used in Division 16E of Part III have the same respective meanings as in that Division; and (b) sections 159GV (other than subsection 159GV(2)) and 159GZ apply as if references in those sections to this Division were references to section 265B. (2) Subsection (1) applies as if paragraph (c) of the definition of qualifying security in subsection 159GP(1) were omitted. (3) The holder of a security may apply at any time to the issuer for a notice under this section in relation to the security. (4) Where the issuer of a security receives an application under subsection (3) in relation to the security, the issuer shall within 21 days of receipt of the application issue a notice in writing to the applicant, expressed to be issued under this section and identifying the security, that states that the notice was issued at a specified time on a specified date and: (a) where the security is not a qualifying security—that the security is not a qualifying security; or (b) where the security is a qualifying security—that: (i) the security is a qualifying security; (ii) the security was issued for a specified consideration; (iii) where the security was partially redeemed on one or more occasions before the time of issue of the notice—that the security was partially redeemed by a specified amount or amounts on a specified date or dates; and (iv) where the security was varied to become a qualifying security—the security was varied, for a specified consideration, to become a qualifying security.