Income Tax Assessment Act 1936
PART III
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LIABILITY TO TAXATION
Division 16K
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Effect of buy-backs of shares
For the purposes of this Division, a buy-back is not made in the ordinary course of trading on a stock exchange in Australia if, when reported to the stock exchange, the transaction under which the buy-back is made, is, under the stock exchange's rules, described as special .
Subdivision A
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Interpretation
SECTION 159GZZZL
159GZZZL
SPECIAL
BUY-BACKS NOT MADE IN ORDINARY COURSE OF TRADING ON A STOCK EXCHANGE
For the purposes of this Division, a buy-back is not made in the ordinary course of trading on a stock exchange in Australia if, when reported to the stock exchange, the transaction under which the buy-back is made, is, under the stock exchange's rules, described as special .
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