Division 767—Interest paid by companies on bearer debentures
767-1 What this Division is about
A company is liable to pay tax on an amount of interest it pays or credits in respect of a debenture payable to bearer, unless the company supplies to the Commissioner the name and address of the holder of the debenture.
Table of sections
767-5 Where to find the rules about the tax
767-5 Where to find the rules about the tax
The rules about the tax are in:
·
the Income Tax (Bearer Debentures) Act 1971; and·
Division 11 (sections 125 to 128) of Part III of the Income Tax Assessment Act 1936.