This Subdivision sets out concepts concerning third party debt. These concepts are relevant to entities that choose to apply the third party debt test, that is:

  (a)   general class investors that make a choice, or that are taken to have made a choice, under subsection   820 - 46(4); and

  (b)   outward investing financial entities (non - ADI) that make a choice under subsection   820 - 85(2C) ; and

  (c)   inward investing financial entities (non - ADI) that make a choice under subsection   820 - 185(2C).