Treasury Laws Amendment (Mutual Equity Interests) Regulations 2019 (F2019L00391)
Schedule 1 Amendments
Income Tax Assessment Regulations 1997
2 Subregulation 974-135F(4)
Repeal the subregulation, substitute:
(4) In this regulation, a condition applying to the obligation is a non-viability condition if the condition has the effect that if a non-viability trigger event occurs the note must be:
(a) written off; or
(b) converted into ordinary shares of the issuer of the note or a parent entity of the issuer; or
(c) converted into mutual equity interests of the issuer of the note or a parent entity of the issuer.
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