Commonwealth Consolidated Acts

INCOME TAX ASSESSMENT ACT 1936 - SECT 159GQC

    For the purposes of the formula component Implicit interest rate in subsection   159GQB(1), the rate of interest for a fixed return security in relation to a taxpayer is the rate of compound interest per period of 6 months at which:

  (a)   the sum of the present values of all amounts payable under the security during the taxpayer's maximum term;

equals:

  (b)   the issue price or the transfer price, as the case requires, of the security.