Commonwealth Consolidated Acts

[Index] [Table] [Search] [Search this Act] [Notes] [Noteup] [Previous] [Next] [Download] [Help]

INCOME TAX ASSESSMENT ACT 1936 - SECT 109J

Payments discharging pecuniary obligations not treated as dividends

                   A private company is not taken under section 109C to pay a dividend because of the payment of an amount, to the extent that the payment:

                     (a)  discharges an obligation of the private company to pay money to the entity; and

                     (b)  is not more than would have been required to discharge the obligation had the private company and entity been dealing with each other at arm's length.



AustLII: Copyright Policy | Disclaimers | Privacy Policy | Feedback