Income Tax Assessment Act 1997

CHAPTER 3 - SPECIALIST LIABILITY RULES  

PART 3-3 - CAPITAL GAINS AND LOSSES: SPECIAL TOPICS  

Division 130 - Investments  

Subdivision 130-E - Exchangeable interests  

SECTION 130-100  

130-100   Exchangeable interest  

An exchangeable interest is a *traditional security or *qualifying security that:

(a) was issued on the basis that it will or may be:

(i) disposed of to the issuer of the traditional security or the qualifying security or to a *connected entity of the issuer of the traditional security or the qualifying security; or

(ii) redeemed;

in exchange for *shares in a company that is neither:

(iii) the issuer of the traditional security or the qualifying security; nor

(iv) a connected entity of the issuer of the traditional security or the qualifying security; and

(b) was issued on or after 1 July 2001.