470. Meaning of 'loan creditor'.

A 'loan creditor', in relation to a company1, means2 a creditor in respect of any debt incurred by the company:


    (1)     for any money borrowed or capital assets acquired by the company;


    (2)     for any right to receive income created in favour of the company; or


    (3)     for consideration the value of which to the company was, at the time when the debt was incurred, substantially less than the amount of the debt, including any premium on it,

or in respect of any redeemable loan capital issued by the company3.

A person who is not the creditor in respect of any