INCOME TAX ASSESSMENT ACT 1997 - SECT 974.140 Ordinary debt interest

INCOME TAX ASSESSMENT ACT 1997 - SECT 974.140

  (1)   A * debt interest arising from a scheme is an ordinary debt interest if none of the obligations under the scheme is in substance or effect * contingent on aspects of the economic performance of:

  (a)   the issuer of the interest; or

  (b)   a * connected entity; or

  (c)   a part of the operations of the issuer or a connected entity.

  (2)   The regulations may specify rules for determining whether a * debt interest is an * ordinary debt interest.