Income Tax Assessment Act 1997
CHAPTER 6
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THE DICTIONARY
PART 6-1
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CONCEPTS AND TOPICS
Division 960
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General
Subdivision 960-F
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Distribution by corporate tax entities
SECTION 960-120
Meaning of
distribution
960-120(1)
What constitutes a distribution by various *corporate tax entities is set out in the following table:
960-120(2)
A *corporate tax entity makes a distribution in the form of a dividend on the day on which the dividend is paid, or taken to have been paid.
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Hide history noteWhat constitutes a distribution by various *corporate tax entities is set out in the following table:
| Distribution | |||
| Item | Corporate tax entity | Distribution | |
| 1 | company | a dividend, or something that is taken to be a dividend, under this Act | |
| 2 | *corporate limited partnership | (a) | a distribution made by the partnership, whether in money or in other property, to a partner in the partnership, other than a distribution, or so much of a distribution, as is attributable to profits or gains arising during an income year in relation to which the partnership was not a corporate limited partnership |
| (b) | something that is taken to be a dividend by the partnership under this Act | ||
| 3 | (Repealed by No 53 of 2016) | ||
| 4 | *public trading trust | a unit trust dividend, as defined in section 102M of the Income Tax Assessment Act 1936 |
A *corporate tax entity makes a distribution in the form of a dividend on the day on which the dividend is paid, or taken to have been paid.
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