Document ID: chunk:federal_register_of_legislation:C2007A00078:clause:8_64
Version: federal_register_of_legislation:C2007A00078
Segment Type: clause
Provision Reference: sch 8 cl 64
Character Range: 52452–53153

64  After paragraph 9‑10(1)(a)
Insert:
 (aa) it is a loan made to a unit trust and the sum of:
 (i) the *equity interests that the partnership owns in the unit trust; and
 (ii) any *debt interests that the partnership owns in the unit trust that can be converted into equity interests in the unit trust;
  is at least 10% of the sum of:
 (iii) all of the equity interests in the unit trust; and
 (iv) all of the debt interests in the unit trust that can be converted into equity interests in the unit trust;
  and the unit trust meets the requirements of subsections 118‑427(3) to (8) of the Income Tax Assessment Act 1997 in relation to the investments referred to in subparagraphs (i) and (ii); or