Section 247Income Tax Assessment Act 1997 (Cth)

‑1  What this Division is about

Capital 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

Sourced from the Federal Register of Legislation at 25 May 2026. For the latest information on Australian Government law please go to https://www.legislation.gov.au. Verify the current text against the official source before relying on it.

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