Tax Laws Amendment (2007 Measures No. 3) Act 2007 (79 of 2007)
Schedule 7 Interest withholding tax
Income Tax Assessment Act 1936
1 Paragraph 128F(1)(e)
Repeal the paragraph, substitute:
(c) for a debt interest other than a debenture - the debt interest:
(i) is a non-equity share; or
(ii) consists of 2 or more related schemes (within the meaning of the Income Tax Assessment Act 1997) where one or more of them is a non-equity share; or
(iii) is a syndicated loan; or
(iv) is prescribed by the regulations for the purposes of this section; and
(i) the issue of the debenture or debt interest satisfies the public offer test set out in subsection (3) or (4); or
(ii) for a syndicated loan - the invitation to become a lender under the relevant syndicated loan facility satisfies the public offer test set out in subsection (3A).
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