INCOME TAX ASSESSMENT ACT 1936 (ARCHIVE)

PART IIIA - CAPITAL GAINS AND CAPITAL LOSSES  

Division 11A - Unit trust-issued options to unitholders to acquire unissued units  

SECTION 160ZYXF  

160ZYXF   APPLICATION OF DIVISION TO HOLDERS OF CONVERTIBLE NOTES  
In addition to the effect that it has apart from this section, the Division also has the effect it would have if:

(a) the reference in paragraph 160ZYXA(a) to a person who holds units in a unit trust were a reference to a person who holds convertible notes within the meaning of Division 12A issued by the trustee of the unit trust;

(b) references to the unitholder were references to the person who holds the convertible notes; and

(c) references to the original units were references to the convertible notes held by that person.