Commonwealth Numbered Acts

INCOME TAX ASSESSMENT AMENDMENT ACT (NO. 2) 1980 No. 57 of 1980 - SECT 5

5. (1) Section 44 of the Principal Act is amended by inserting in sub-section
(2) "and not being profits arising from a disposal of property by the company,
being a disposal in respect of which an amount has been or will be included in
the assessable income of the company under section 26AAB, to the extent that
the profits so arising do not exceed the amount that has been
or will be so included in that assessable income" after "section 26AAA".

(2) The amendment made by sub-section (1) applies in relation to dividends
paid on or after the date of commencement of this Act, other than dividends
declared before that date.