INCOME TAX ASSESSMENT ACT 1936 (ARCHIVE)
For the purposes of this Part, a dividend paid to a shareholder in a company shall be taken to be a dividend paid as part of a dividend stripping operation if, and only if, the payment of the dividend arose out of, or was made in the course of, a scheme that:
(a) was by way of or in the nature of dividend stripping; or
(b) had substantially the effect of a scheme by way of or in the nature of dividend stripping.
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