Former s 23AJ repealed by No 110 of 2014, s 3 and Sch 2 item 1, applicable to distributions and non-share dividends made after 16 October 2014. S 23AJ formerly read:
SECTION 23AJ CERTAIN NON-PORTFOLIO DIVIDENDS FROM FOREIGN COUNTRIES NOT ASSESSABLE
A non-portfolio dividend (as defined in section
) paid to a company is not assessable income, and is not exempt income, of the company if:
the company is an Australian resident and does not receive the dividend in the capacity of a trustee; and
the company that paid the dividend is not a Part
Australian resident (as defined in that section).
Former s 23AJ substituted by No 96 of 2004, amended by No 66 of 2003 and inserted by No 5 of 1991.