Australia Consults on New Debt-Equity Rules for Aggregation of Multiple Schemes
The Australian Treasury has published draft legislation for consultation that introduces new rules for determining when schemes should be aggregated for the purpose of the debt-equity rules in Division 974 ({News-2015-04-07/P/2- previous coverage}). The debt-equity rules are meant to ensure that interests arising from schemes are correctly classified as either debt or equity according to their …
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