Section 564A — Income Tax Act 2007: Introduction

Introduction 564A 1 This Part—

a contains provisions about the treatment as interest for certain income tax purposes of alternative finance return under alternative finance arrangements ... (see sections 564M to 564Q),

and b contains some special provisions about the treatment of investment bond arrangements (see sections 564R to 564U) and some other rules about alternative finance arrangements (see sections 564V to 564Y).

2 In this Part “ alternative finance arrangements ” means—

a purchase and resale arrangements, b diminishing shared ownership arrangements, c deposit arrangements, d profit share agency arrangements, and e investment bond arrangements.

3 In this Part—

a “ purchase and resale arrangements ” means arrangements to which section 564C applies, b “ diminishing shared ownership arrangements ” means arrangements to which section 564D or 564DA applies, c “ deposit arrangements ” means arrangements to which section 564E applies, d “ profit share agency arrangements ” means arrangements to which section 564F applies, and e “ investment bond arrangements ” means arrangements to which section 564G applies.

4 For the meaning of “alternative finance return”, see sections 564I to 564L.

5 For the meaning of “financial institution”, see section 564B.

6 Also, see section 366 of TIOPA 2010 (power to extend this Part and other provisions to other arrangements by order).