INCOME TAX ASSESSMENT ACT 1997

CHAPTER 3 - SPECIALIST LIABILITY RULES  

PART 3-5 - CORPORATE TAXPAYERS AND CORPORATE DISTRIBUTIONS  

Division 164 - Non-share capital accounts for companies  

Operative provisions  

SECTION 164-5   Object  

164-5(1)  
This Division provides for the *non-share capital account through which a company records contributions made to it in respect of *non-share equity interests and returns by it of those contributions.

164-5(2)  
This allows a *non-share distribution to be characterised as either:


(a) a *non-share dividend; or


(b) a *non-share capital return.


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