Document ID: chunk:federal_register_of_legislation:C2025C00014:section:128f:p6
Version: federal_register_of_legislation:C2025C00014
Segment Type: section
Provision Reference: s 128F (pt 6/7)
Character Range: 1278929–1281527

by subsections (11), (12) and (13).
tax law, in relation to a country other than Australia, means:
 (a) if the country has federal foreign tax—the law of the country that imposes the federal foreign tax; or
 (b) in any other case—the law of the country that imposes foreign tax.

Global bond
 (10) A debenture or debt interest issued by a company is a global bond if:
 (a) it describes itself as a global bond or a global note; and
 (b) it is issued to a clearing house (see subsection (9)) or to a person as trustee or agent for, or otherwise on behalf of, one or more clearing houses; and
 (c) in connection with the issue, the clearing house or houses:
 (i) confer rights in relation to the debenture or debt interest on other persons; and
 (ii) record the existence of the rights; and
 (d) before the issue:
 (i) the company; or
 (ii) a dealer, manager or underwriter, in relation to the placement of debentures or debt interests, on behalf of the company;
  announces that, as a result of the issue, such rights will be able to be created; and
 (e) the announcement is made in a way or ways covered by any of paragraphs (3)(a) to (e) (reading a reference in those paragraphs to "debentures or debt interests" as if it were a reference to such a right, and a reference to the "company" as if it included a reference to the dealer, manager or underwriter); and
 (f) under the terms of the debenture or debt interest, interests in the debenture or debt interest are able to be surrendered, whether or not in particular circumstances, in exchange for other debentures or debt interests issued by the company that are not themselves global bonds.
 (11) A written agreement is a syndicated loan facility if:
 (a) the agreement describes itself as a syndicated loan facility or syndicated facility agreement; and
 (b) the agreement is between one or more borrowers and at least 2 lenders; and
 (c) under the agreement each lender severally, but not jointly, agrees to lend money to, or otherwise provide financial accommodation to, the borrower or borrowers; and
 (d) the amount to which the borrower or borrowers will have access at the time the first loan or other form of financial accommodation is to be provided under the agreement is at least $100,000,000 (or a prescribed amount).
 (12) A written agreement is also a syndicated loan facility if:
 (a) the agreement describes itself as a syndicated loan facility or syndicated facility agreement; and
 (b) the agreement is between one or more borrowers and one lender where the agreement provides for the addition of other lenders; and
 (c) the