Commonwealth Consolidated Acts Commonwealth Consolidated Acts(1) If a * capital protected borrowing specifies more than one occasion on which the * capital protection can be invoked, this Act applies as if there were a separate put option for each of those occasions. So much of the amount to which subsection 247 - 20(6) applies as is reasonably attributable to each option is taken to have been incurred for that option.
(2) However, if a borrower may invoke the * capital protection under a * capital protected borrowing at any time up to the end of a period, or only at the end of a period, for which there is capital protection, this Act applies as if there were a single put option for that period.