Commonwealth Consolidated Acts

[Index] [Table] [Search] [Search this Act] [Notes] [Noteup] [Previous] [Next] [Download] [Help]

INCOME TAX ASSESSMENT ACT 1997 - SECT 974.100

Treatment of convertible and converting interests

  (1)   If a * debt interest is an * interest that will or may convert into an * equity interest, the conversion is taken, for the purposes of this Division to give rise to a new interest (and is not treated merely as a continuation of the debt interest).

  (2)   If an * equity interest is an * interest that will or may convert into a * debt interest, the conversion is taken, for the purposes of this Division to give rise to a new interest (and is not treated merely as a continuation of the equity interest).


AustLII: Copyright Policy | Disclaimers | Privacy Policy | Feedback