To further expand the basis for their decision on eligible return was that the notes could be redeemed at face value.
' An 'eligible return' exists where, 'at the time the security is issued it is reasonably likely' that the sum of all payments on the security (not including periodic interest) is greater than the issue price (subsection 159GP(3) of the ITAA 1936). In this instance, if the shares are redeemed for cash there is no eligible return. This is because the notes would be redeemed for their face value.'.
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