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Definition of Security under ITAA1936

Discussion in 'Accounting, Tax & Legal' started by catherineW, 19th Aug, 2014.

  1. catherineW

    catherineW Member

    Joined:
    9th Aug, 2014
    Posts:
    8
    Location:
    canberra
    Hi everyone,

    I'm planning to borrow under a "protected equity" loan and as usual interest is charge.

    Does this fall under the meaning of 'security' where in ITAA1936 defines that security means "a secured loan" or "any other contract which is liable to pay an amount whether or not the liability is secured"

    Please help as i will need to consider whether these security will fall under qualifying security or traditional security.