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Edited version of private advice
Authorisation Number: 1051518294717
Date of advice: 20 May 2019
Ruling
Subject: Debt/equity classification of financial instruments
The Commissioner made a private ruling that various interests that constitute related schemes (as defined in section 974-155 of the ITAA 1997) will not be taken together to give rise to an equity interest in a company under subsection 974-70(2) of the ITAA 1997.