Income Tax Assessment Act 1936

PART III - LIABILITY TO TAXATION  

Division 5A - Income of certain limited partnerships  

Subdivision C - Corporate tax modifications applicable to corporate limited partnerships  

SECTION 94L   94L   DIVIDEND INCLUDES DISTRIBUTION OF CORPORATE LIMITED PARTNERSHIP  


A reference in the income tax law (other than subsection 44(1A) of this Act) to a dividend or to a dividend within the meaning of section 6 :


(a) includes a reference to a distribution made by the partnership, whether in money or in other property, to a partner in the partnership; and


(b) does not include a reference to a distribution to the extent to which the distribution is attributable to profits or gains arising during a year of income in relation to which the partnership was not a corporate limited partnership.


 

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