Income Tax Assessment Act 1936

PART III - LIABILITY TO TAXATION  

Division 16K - Effect of buy-backs of shares  

Subdivision AA - Application of Division to non-share equity interests  

SECTION 159GZZZIA   APPLICATION OF DIVISION TO NON-SHARE DIVIDENDS  

159GZZZIA(1)   [ Applications]  

This Division:

(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) .