Statute
Section 109Z — Income Tax Assessment Act 1936: Characteristics of dividends taken to be paid under this Division
Text of the provision Official document
If a private company is taken under this Division to have paid a dividend to an entity, the dividend is taken for the purposes of this Act to be paid: (a) to the entity as a shareholder in the private company; and (b) out of the private company’s profits.
Official source: Federal Register of Legislation
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