Income Tax Assessment Act 1936
View history note
Hide history noteFor the purposes of the formula component ``Implicit interest rate'' in subsection 159GQB(1) , the rate of interest for a fixed return security in relation to a taxpayer is the rate of compound interest per period of 6 months at which:
(a) the sum of the present values of all amounts payable under the security during the taxpayer's maximum term;
equals:
(b) the issue price or the transfer price, as the case requires, of the security.
Disclaimer and notice of copyright applicable to materials provided by CCH Australia Limited
CCH Australia Limited ("CCH") believes that all information which it has provided in this site is accurate and reliable, but gives no warranty of accuracy or reliability of such information to the reader or any third party. The information provided by CCH is not legal or professional advice. To the extent permitted by law, no responsibility for damages or loss arising in any way out of or in connection with or incidental to any errors or omissions in any information provided is accepted by CCH or by persons involved in the preparation and provision of the information, whether arising from negligence or otherwise, from the use of or results obtained from information supplied by CCH.
The information provided by CCH includes history notes and other value-added features which are subject to CCH copyright. No CCH material may be copied, reproduced, republished, uploaded, posted, transmitted, or distributed in any way, except that you may download one copy for your personal use only, provided you keep intact all copyright and other proprietary notices. In particular, the reproduction of any part of the information for sale or incorporation in any product intended for sale is prohibited without CCH's prior consent.
