INCOME TAX ASSESSMENT ACT 1936 (ARCHIVE)
PART IIIA
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CAPITAL GAINS AND CAPITAL LOSSES
Division 11
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Company-issued options to shareholders to acquire unissued shares
SECTION 160ZYX
160ZYX
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 160ZYR(a) to a person who holds shares in a company were a reference to a person who holds convertible notes within the meaning of Division 3A of Part III issued by the company;
(b) references to the shareholder were references to the person who holds the convertible notes; and
(c) references to the original shares were references to the convertible notes held by that person.
View history note
Hide history noteIn 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 160ZYR(a) to a person who holds shares in a company were a reference to a person who holds convertible notes within the meaning of Division 3A of Part III issued by the company;
(b) references to the shareholder were references to the person who holds the convertible notes; and
(c) references to the original shares were references to the convertible notes held by that person.
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