Category Archives: Securities

Budget 2011- Securities lending – Lenders keepers

The Government will amend the tax rules for securities lending arrangements to ensure that the lender under a securities lending arrangement is treated as not having disposed of the lent securities where: the borrower does not return the securities, or identical securities, within 12 months due to the borrower’s insolvency; and no later than 30 days after the resulting default (or within such longer period that the Commissioner of Taxation allows), the lender restores their original position prior to the … Continue reading

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