INCOME TAX ASSESSMENT ACT 1997

CHAPTER 6 - THE DICTIONARY  

PART 6-1 - CONCEPTS AND TOPICS  

Division 974 - Debt and equity interests  

Subdivision 974-E - Non-share distributions by a company  

SECTION 974-120   Meaning of non-share dividend  

974-120(1)  
Subject to subsection (2), all *non-share distributions are non-share dividends .

974-120(2)  
A *non-share distribution is not a non-share dividend to the extent to which the company debits the distribution against:


(a) the company's *non-share capital account; or


(b) the company's *share capital account.


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