INCOME TAX ASSESSMENT ACT 1936 (ARCHIVE)

PART III - LIABILITY TO TAXATION  

Division 3A - Convertible notes  

SECTION 82R   INTEREST ON CERTAIN CONVERTIBLE NOTES NOT TO BE AN ALLOWABLE DEDUCTION  

82R(6)   [Non-deductible interest deemed to be dividend]  

The interest, or payment in the nature of interest, under a convertible note to which his section applies shall, when paid, credited or distributed, be deemed, for the purpose of calculating the undistributed amount, as defined by section 103 , in relation to the company, to be a dividend paid by the company.