INCOME TAX ASSESSMENT ACT 1936 - SECT 109Z Characteristics of dividends taken to be paid under this Division
INCOME TAX ASSESSMENT ACT 1936 - SECT 109Z
Characteristics of dividends taken to be paid under this DivisionIf 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.