Private ruling: Bank capital notes 3
Date of advice: 16 September 2021
Published: November 2021

Ruling: The Commissioner was asked numerous questions in respect of bank capital notes 3 (BCN3) and whether it is be treated as a non-share equity interest (as defined in section 995-1(1) of the ITAA 1997) for the purposes of Division 974 of the ITAA 1997. | The Commissioner has ruled on each of the questions.