Document ID: chunk:federal_register_of_legislation:C2007A00079:clause:7_3
Version: federal_register_of_legislation:C2007A00079
Segment Type: clause
Provision Reference: sch 7 cl 3
Character Range: 37980–38699

3  Paragraph 128F(1B)(b)
Repeal the paragraph, substitute:
 (b) for a debt interest other than a debenture—the debt interest:
 (i) is a non‑equity share; or
 (ii) consists of 2 or more related schemes (within the meaning of the Income Tax Assessment Act 1997) where one or more of them is a non‑equity share; or
 (iii) is a syndicated loan; or
 (iv) is prescribed by the regulations for the purposes of this section; and
 (c) either:
 (i) the issue of the debenture or debt interest satisfies the public offer test set out in subsection (3) or (4); or
 (ii) for a syndicated loan—the invitation to become a lender under the relevant syndicated loan facility satisfies the public offer test set out in subsection (3A);