Income Tax Assessment Act 1997

CHAPTER 4 - INTERNATIONAL ASPECTS OF INCOME TAX  

PART 4-5 - GENERAL  

Division 775 - Foreign currency gains and losses  

Subdivision 775-C - Roll-over relief for facility agreements  

Operative provisions

SECTION 775-190  

775-190   What is an eligible security ?  

An eligible security is:

(a) a bill of exchange, or a promissory note, that is:

(i) non-interest bearing; and

(ii) issued at a discount to face value; and

(iii) denominated in a particular *foreign currency; and

(iv) for a fixed term; or

(b) a security that is:

(i) specified in the regulations; and

(ii) denominated in a foreign currency; and

(iii) for a fixed term.