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Edited version of your written advice
Authorisation Number: 1012817203575
Date of advice: 1 July 2015
Ruling
Subject: Public Offer Test
An Australian resident company applied for a private ruling in respect of paragraph 128F(3)(d) of the Income Tax Assessment Act 1936 for a publically offered debenture issue where debentures may be issued to an investor as a result of a "reverse enquiry" made by the investor. A ruling was issued in respect of the relevant provision accepting that the issue to such investor qualified under paragraph 128F(3)(d).