New Business Tax System (Debt and Equity) Act 2001 (163 of 2001)

Schedule 2   Dictionary amendments

Income Tax Assessment Act 1997

5   Subsection 995-1(1)

Insert:

convertible interest means a convertible interest in a company or in a trust or unit trust and:

(a) a convertible interest in a company is an interest of the kind referred to in item 4 of the table in subsection 974-75(1); and

(b) a convertible interest in a trust or unit trust is an interest that has the same or a similar effect in relation to the trust or unit trust.