Income Tax Assessment Act 1997
Subdiv 960-F inserted by No 162 of 2001.
What constitutes a distribution by various *corporate tax entities is set out in the following table:
|Item||Corporate tax entity||Distribution|
|1||company||a dividend, or something that is taken to be a dividend, under this Act|
|2||*corporate limited partnership||(a)||a distribution made by the partnership, whether in money or in other property, to a partner in the partnership, other than a distribution, or so much of a distribution, as is attributable to profits or gains arising during an income year in relation to which the partnership was not a corporate limited partnership|
|(b)||something that is taken to be a dividend by the partnership under this Act|
|3||(Repealed by No 53 of 2016)|
|4||*public trading trust||a unit trust dividend, as defined in section 102M of the Income Tax Assessment Act 1936|
S 960-120(1) amended by No 53 of 2016, s 3 and Sch 5 item 61, by repealing table item 3, applicable to assessments for income years starting on or after 1 July 2016. For transitional provision, see note under s 295-173 . Table item 3 formerly read:
3 *corporate unit trust a unit trust dividend, as defined in subsection 102D(1) of the Income Tax Assessment Act 1936
S 960-120(1) amended by No 97 of 2008 , s 3 and Sch 3 item 159, by substituting " an income year " for " a year of income " in table item 2, effective 3 October 2008.
A *corporate tax entity makes a distribution in the form of a dividend on the day on which the dividend is paid, or taken to have been paid.
S 960-120 inserted by No 162 of 2001.
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