INCOME TAX ASSESSMENT ACT 1936 (ARCHIVE)

PART IIIA - CAPITAL GAINS AND CAPITAL LOSSES  

Division 12A - Convertible notes - unit trusts  

SECTION 160ZZBA  

160ZZBA   DEFINITION OF CONVERTIBLE NOTE  
In this Division:

"convertible note"
means a note issued after 28 January 1988 by the trustee of a unit trust, being a note that, if the unit trust were a company, would be a convertible note issued by the company, and includes a note that would be a convertible note within the meaning of Division 3A of Part III if:

(a) references in that Division to a company were references to a unit trust, or to the trustee of a unit trust, as the context requires; and

(b) references in that Division to shares were references to units.