Commonwealth Consolidated Acts

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INCOME TAX ASSESSMENT ACT 1997 - SECT 164.5

Object

  (1)   This Division provides for the * non - share capital account through which a company records contributions made to it in respect of * non - share equity interests and returns by it of those contributions.

  (2)   This allows a * non - share distribution to be characterised as either:

  (a)   a * non - share dividend; or

  (b)   a * non - share capital return.



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