INCOME TAX ASSESSMENT ACT 1936

PART III - LIABILITY TO TAXATION  

Division 7A - Distributions to entities connected with a private company  

Subdivision F - General rules applying to all amounts treated as dividends  

SECTION 109Z   109Z   CHARACTERISTICS OF DIVIDENDS TAKEN TO BE PAID UNDER THIS DIVISION  


If a private company is taken under this Division to have paid a dividend to an entity, the dividend is taken for the purposes of this Act to be paid:


(a) to the entity as a shareholder in the private company; and


(b) out of the private company's profits.


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