New Business Tax System (Debt and Equity) Act 2001 (163 of 2001)
Schedule 1 Debt and equity interests
Part 2 Amendment of the Income Tax Assessment Act 1936
Income Tax Assessment Act 1936
99 Subsection 160APHBC(6)
Repeal the subsection, substitute:
(6) A share is a finance share if:
(a) the share is a non-equity share in the company; or
(b) having regard to the rights attached to the share and to any arrangement with respect to the share of which the company is aware, the share is equivalent to a debt owed by the company to the holder of the share.
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