ITAA 1936 s 70B

Macquarie Group Limited - Macquarie Capital Notes 7

Certain stapled securities involving notes and preference shares

Deductibility: 'annual financing costs' paid in advance under a fixed interest commercial bill facility - date incurred

Consolidation: retained cost base assets - purchased receivables of a joining entity

Deductibility of losses incurred on the disposal or redemption of 'traditional securities' by a complying superannuation fund

Income tax: foreign exchange: when calculating the amount of any gain or loss on disposal or redemption of a traditional security denominated in a foreign currency should the amounts relevant to the calculation be translated (converted) into Australian dollars when each of the relevant events takes place?

Income tax: consolidation: retained cost base assets consisting of Australian currency or right to receive a specified amount of such currency

Deductibility of premium paid to acquire government bonds (traditional securities)

Conversion to Australian dollars of a loss arising from the disposal or redemption of a traditional security denominated in foreign currency