Income Tax Assessment Act 1936
PART III
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LIABILITY TO TAXATION
Division 16K
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Effect of buy-backs of shares
(a) applies to a non-share equity interest in the same way as it applies to a share; and
(b) applies to an equity holder in the same way as it applies to a shareholder; and
(c) applies to a non-share dividend in the same way as it applies to a dividend. 159GZZZIA(2) [ Section 159GZZZP(1) not covered]
Subdivision AA
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Application of Division to non-share equity interests
SECTION 159GZZZIA
APPLICATION OF DIVISION TO NON-SHARE DIVIDENDS
159GZZZIA(1)
[
Applications]
(a) applies to a non-share equity interest in the same way as it applies to a share; and
(b) applies to an equity holder in the same way as it applies to a shareholder; and
(c) applies to a non-share dividend in the same way as it applies to a dividend. 159GZZZIA(2) [ Section 159GZZZP(1) not covered]
Paragraph (1)(a) does not apply to subsection 159GZZZP(1) .
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