Income Tax Act 2007 section 984

Meaning of "financial instrument"

Section 984 defines what counts as a "financial instrument" for the purposes of this Part of the Act, which deals with persons authorised under the Financial Services and Markets Act who deal in financial instruments as principal.

• The definition covers money, shares, and securities
• Options, futures, and contracts for differences are included where their underlying subject matter is primarily one or more financial instruments
• Instruments whose underlying subject matter is primarily creditworthiness are also included
• Where an instrument's value depends on an index or factor, the underlying subject matter is whatever that index or factor is determined by reference to