INCOME TAX ASSESSMENT ACT 1936 (ARCHIVE)

PART IIIA - CAPITAL GAINS AND CAPITAL LOSSES  

Division 8 - Bonus shares  

SECTION 160ZYF   160ZYF   APPLICATION  
Where -


(a) a person (in this Division referred to as the ``shareholder'') holds shares in a company (in this Division referred to as the ``original shares'');


(b) the company issues other shares (in this Division referred to as the ``bonus shares'') to the shareholder in circumstances mentioned in subsection 6BA(1) ; and


(c) Division 8A does not apply to the bonus shares;

the following provisions of this Division have effect.


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