INCOME TAX ASSESSMENT ACT 1936 (ARCHIVE)
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Hide history noteA taxpayer who acquired units by the conversion of a convertible note shall be deemed, for the purposes of this Part, to have paid or given as consideration in respect of the acquisition of the units an amount equal to the sum of the consideration paid or given by the taxpayer in respect of the acquisition of the convertible note and the amount paid by the taxpayer in respect of the conversion.
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