Commonwealth Consolidated Acts

[Index] [Table] [Search] [Search this Act] [Notes] [Noteup] [Previous] [Next] [Download] [Help]

INCOME TAX ASSESSMENT ACT 1997 - SECT 247.1

What this Division is about

Capital protection provided under a relevant capital protected borrowing to the extent that it is not provided by an explicit put option is treated (for the borrower) as if it were a put option.

An amount attributable to capital protection under any relevant capital protected borrowing is treated (for the borrower) as a payment for a put option.

Table of sections

Operative provisions

247 - 5   Object of Division

247 - 10   What capital protected borrowing and capital protection are

247 - 15   Application of this Division

247 - 20   Treating capital protection as a put option

247 - 25   Number of put options

247 - 30   Exercise or expiry of option


AustLII: Copyright Policy | Disclaimers | Privacy Policy | Feedback