Document ID: chunk:federal_register_of_legislation:C2025C00014:section:327
Version: federal_register_of_legislation:C2025C00014
Segment Type: section
Provision Reference: s 327
Character Range: 1872904–1873798

327  Eligible finance shares
  For the purposes of this Part, a share in a company is an eligible finance share if all the following conditions are satisfied:
 (a) the shareholder is an AFI or an AFI subsidiary;
 (b) the share was issued to the shareholder by the company in the ordinary course of business carried on by the shareholder;
 (c) the shareholder is not an associate of the company;
 (d) having regard to:
 (i) the manner in which the amount of dividends in respect of the share are to be calculated; and
 (ii) the conditions applicable to the payment of dividends in respect of the share; and
 (iii) any other relevant matters;
  the payment of the dividends in respect of the share may reasonably be regarded as equivalent to the payment of interest on a loan where the interest accrues at intervals not exceeding 12 months and is paid not later than 12 months after it accrues.