Commonwealth Consolidated Acts Commonwealth Consolidated Acts(1) If a * scheme gives rise to an * equity interest in a company because of an item of the table in subsection 974 - 75(1), the equity interest consists of the interest referred to in that item.
(2) If 2 or more * related schemes give rise to an * equity interest in a company because of an item of the table in subsection 974 - 75(1), the equity interest consists of the combination of interests under the schemes that satisfy the requirements of that item.
(3) Subsection 974 - 80(2) also provides that certain interests are * equity interests in a company.
(4) If the returns on a * non - share equity interest in a company are payable to 2 or more entities:
(a) each entity is taken to be the holder of a non - share equity interest in the company; and
(b) each entity's non - share equity interest consists of the interests that:
(i) constitute the non - share equity interest; and
(ii) are held by that entity.
(5) The company in which an * equity interest exists is taken to be the issuer of the interest.
Table of sections
974 - 100 Treatment of convertible and converting interests
974 - 105 Effect of action taken in relation to interest arising from related schemes
974 - 110 Effect of material change
974 - 112 Determinations by Commissioner