Document ID: chunk:federal_register_of_legislation:C2004A01097:clause:1_5
Version: federal_register_of_legislation:C2004A01097
Segment Type: clause
Provision Reference: sch 1 cl 5
Character Range: 4314–4809

5  After subsection 128F(1A)
Insert:

 (1B) If:
 (a) some or all of the transfer price (within the meaning of section 128AA) of a debenture is taken under that section to be income that consists of interest; and
 (b) the issue of the debenture satisfies the public offer test set out in subsection (3) or (4);
this section applies to the interest.

Note: Subsection (6) does not apply to the interest because that subsection deals only with interest paid on a debenture by the issuing company.