Commonwealth Consolidated Acts

INCOME TAX ASSESSMENT ACT 1997 - SECT 974.120

  (1)   Subject to subsection   (2), all * non - share distributions are non - share dividends .

  (2)   A * non - share distribution is not a non - share dividend to the extent to which the company debits the distribution against:

  (a)   the company's * non - share capital account; or

  (b)   the company's * share capital account.