Income Tax Assessment Act 1936


Division 272 - Interpretation  

Subdivision 272-B - Distribution of income or capital  


Distribution of income


A company distributes income of the company to a person if the company pays a dividend or non-share dividend to the person. Distribution of capital

A company distributes capital of the company to a person if:

(a) it pays or credits money, or transfers property, of the company to the person, where the amount paid or credited, or the amount or value of the property, is debited against an amount standing to the credit of the share capital account of the company; and

(b) the payment, crediting or transfer is not the payment of a dividend.

A company distributes capital of the company to a person if the company makes a non-share capital return to the person.


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