Commonwealth Consolidated Acts

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INCOME TAX ASSESSMENT ACT 1997 - SECT 207.155

When is a distribution made as part of a dividend stripping operation?

    A distribution made to a * member of a * corporate tax entity is taken to be made as part of a dividend stripping operation if, and only if, the making of the distribution 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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