Statute
Section 121EC — Income Tax Assessment Act 1936: Meaning of OBU resident-owner money
Text of the provision Official document
Money is OBU resident-owner money of an OBU if it is paid to the OBU by a resident owner of the OBU by way of a subscription for, or a call on, shares in the OBU, except if the shares are redeemable preference shares.
Official source: Federal Register of Legislation
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