Income tax: can convertible notes qualify as infrastructure borrowings?

TD 94/49 explains that borrowings raised or issued in the form of convertible notes can qualify as infrastructure borrowings for the purposes of former section 159GZZZU of the Income Tax Assessment Act 1936 (ITAA 1936).

TD 94/49 deals with the former infrastructure borrowings provisions in Division 16L of Part III of the ITAA 1936, which were repealed by the Taxation Laws Amendment (Infrastructure Borrowings) Act 1997.

TD 94/49 has no ongoing relevance and is therefore withdrawn without replacement.