Commonwealth Consolidated Acts

INCOME TAX ASSESSMENT ACT 1997 - SECT 130.100

    An exchangeable interest is a * traditional security or * qualifying security that:

  (a)   was issued on the basis that it will or may be:

  (i)   disposed of to the issuer of the traditional security or the qualifying security or to a * connected entity of the issuer of the traditional security or the qualifying security; or

  (ii)   redeemed;

    in exchange for * shares in a company that is neither:

  (iii)   the issuer of the traditional security or the qualifying security; nor

  (iv)   a connected entity of the issuer of the traditional security or the qualifying security; and

  (b)   was issued on or after 1   July 2001.