(1) A * financial arrangement is an IMR financial arrangement unless it is or relates to a * CGT asset that is:
(a) * taxable Australian real property (see section 855 - 20); or
(b) an * indirect Australian real property interest (see section 855 - 25).
(2) Without limiting subsection (1), a sub - underwriting
arrangement that is not a * financial arrangement is an
IMR financial arrangement if it was entered into by an * IMR entity for the
purpose of providing for the entity to invest or trade in a financial
arrangement that is an IMR financial arrangement under subsection (1).