Commonwealth Consolidated Acts Commonwealth Consolidated ActsIn determining whether a company passes the active income test, if the company assumes the rights of a lender under a loan, this Part has effect, after that assumption, as if:
(a) the company had provided the loan to the borrower; and
(b) in a case where that assumption was made in the course of carrying on a particular business--interest, or a payment in the nature of interest, derived by the company from the loan had been derived from a loan made in the course of carrying on that business.