INCOME TAX ASSESSMENT ACT 1997

CHAPTER 6 - THE DICTIONARY  

PART 6-1 - CONCEPTS AND TOPICS  

Division 974 - Debt and equity interests  

Subdivision 974-F - Related concepts  

SECTION 974-140   Ordinary debt interest  

974-140(1)  


A *debt interest arising from a scheme is an ordinary debt interest if none of the obligations under the scheme is in substance or effect *contingent on aspects of the economic performance of:


(a) the issuer of the interest; or


(b) a *connected entity; or


(c) a part of the operations of the issuer or a connected entity.

974-140(2)  
The regulations may specify rules for determining whether a *debt interest is an *ordinary debt interest.


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