Document ID: chunk:federal_register_of_legislation:C2025C00014:section:82l:p1
Version: federal_register_of_legislation:C2025C00014
Segment Type: section
Provision Reference: s 82L (pt 1/4)
Character Range: 564257–566796

82L  Interpretation
 (1) In this Division, unless the contrary intention appears:
attributable income has the meaning given by Division 7 of Part X.
CFC or controlled foreign company has the meaning given by section 340.
convertible note includes a note issued by a company that provides, whether in pursuance of or by virtue of a trust deed or otherwise:
 (a) that the amount of the loan to the company that is evidenced, acknowledged or created by the note or to which the note relates:
 (i) whether with or without interest;
 (iii) whether at the option of the holder or owner of the note or of some other person or not;
 (iv) whether in whole or in part; or
 (v) whether exclusively or otherwise;
  is to be or may be converted into shares in the capital of the company or of another company or is to be or may be redeemed, repaid or satisfied by:
 (vi) the allotment or transfer of shares in the capital of the company or of some other company, whether to the holder or owner of the note or to some other person;
 (vii) the acquisition of such shares, whether by the holder or owner or by some other person, otherwise than as mentioned in subparagraph (vi); or
 (viii) application in or towards paying‑up, in whole or in part, the balance unpaid on shares issued or to be issued by the company or by some other company, whether to the holder or owner or to some other person; or
 (b) that the holder or owner of the note is to have, or may have, any right or option to have allotted or transferred to him or her or to some other person, or for him or her or some other person otherwise to acquire, shares in the capital of the company or of some other company.
foreign loan means a loan to a company raised outside Australia in a currency other than the currency of Australia.
instrument includes debenture, bond, certificate, receipt or any other document or writing.
issued includes given and executed, and issue has a corresponding meaning.
loan, in relation to a company, means:
 (a) a loan, advance or deposit of money to or with the company;
 (b) money subscribed to the company; or
 (c) any other form of debt or liability of the company;
whether secured or unsecured and whenever redeemable, repayable or to be satisfied.
note means a note or other instrument issued by a company that evidences, acknowledges, creates or relates to a loan to the company.
prescribed stock exchange means an approved stock exchange (within the meaning of the Income Tax Assessment Act 1997) operating in Australia.
qualified person, in relation