Commentary on Sections Overview Section 239: Securities subject to conversion
481.This section is the fourth in a group of seven sections defining types of “deduction scheme”. It is based on paragraphs 4 and 7 of Schedule 3 to F(No 2)A 2005.
482.Subsections (5) and (6) rewrite paragraph 7(3)(a) and (b) of Schedule 3 to F(No 2)A 2005 as two separate propositions. See the commentary on section 238 concerning the rewrite of paragraph 6(3) of that Schedule.