Document ID: chunk:federal_register_of_legislation:C2010C00577:clause:1_36
Version: federal_register_of_legislation:C2010C00577
Segment Type: clause
Provision Reference: sch 1 cl 36
Character Range: 24717–25669

36  At the end of section 820‑920
Add:

 (5) For the purposes of the method statement in subsection (4), this subsection covers a *debt interest at a particular time if the interest satisfies all of the following:
 (a) the interest is *on issue at that time;
 (b) neither the value of the interest, nor any part of that value, is all or a part of any *cost‑free debt capital of the issuer of the interest at that time;
 (c) the interest does not give rise to any cost, at any time, that is covered by paragraph 820‑40(1)(a).

 (6) For the purposes of the method statement in subsection (4), this subsection covers a *debt interest at a particular time if the interest satisfies both of the following:
 (a) the interest is *on issue at that time;
 (b) the interest gives rise to a cost, at any time, that is covered by paragraph 820‑40(1)(a), but the cost is not deductible from the assessable income of the issuer of the interest for any income year.