Commonwealth Consolidated Acts Commonwealth Consolidated ActsCapital protection provided under a relevant capital protected borrowing to the extent that it is not provided by an explicit put option is treated (for the borrower) as if it were a put option.
An amount attributable to capital protection under any relevant capital protected borrowing is treated (for the borrower) as a payment for a put option.
Table of sections
Operative provisions
247-5 Object of Division
247-10 What capital protected borrowing and capital protection are
247-15 Application of this Division
247-20 Treating capital protection as a put option
247-25 Number of put options
247-30 Exercise or expiry of option