(1) After section YB 21(2), the following is added:
“Nominal settlements“(3) A person making a nominal settlement at the request of another person is treated for the purposes of this Act as a nominee in relation to the settlement.”
“(3) A person making a nominal settlement at the request of another person is treated for the purposes of this Act as a nominee in relation to the settlement.”
(2) Subsection (1) applies for the 2008–09 and later income years.