INCOME TAX ASSESSMENT ACT 1936 (ARCHIVE)

PART IIIAA - FRANKING OF DIVIDENDS  

Division 7A - Application of Part in relation to trusts that are treated as companies  

Subdivision CA - Extension of Part to non-unit dividends  

SECTION 160ARDHB   APPLICATION OF PART GENERALLY TO NON-UNIT DIVIDENDS ETC.  

160ARDHB(1)    
If a provision of this Part that applies to a dividend:

(a) is taken under this Division to apply to a corporate trust dividend; and

(b) applies to a non-share dividend in the same way as it applies to a dividend;

that provision also applies to a non-unit dividend in the same way as it applies to a dividend.

160ARDHB(2)    
If a provision of this Part that applies to a share:

(a) is taken under this Division to apply to a unit in a corporate trust estate; and

(b) applies to a non-share equity interest in a company in the same way as it applies to a share;

that provision also applies to a non-unit equity interest in a corporate trust estate in the same way as it applies to a share.

160ARDHB(3)    
If a provision of this Part that applies to a shareholder:

(a) is taken under this Division to apply to a unitholder; and

(b) applies to an equity holder in a company who is not a shareholder in the same way as it applies to a shareholder;

that provision also applies to an equity holder in a corporate trust estate who is not a unitholder in the same way as it applies to a shareholder.