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Income Tax Act 2007 s 855

Income Tax Act 2007 s 855

s 855 Meaning of “investment” and “deposit”

(1) In this Chapter, and section 876, “ investment ” means a deposit with a deposit-taker. (2) In this Chapter “ deposit ” means a sum of money paid on terms which mean that it will be repaid (with or without interest)— (a) on demand, or (b) at a time or in circumstances agreed by or on behalf of the person who pays it and the person who receives it.

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