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INCOME TAX ASSESSMENT ACT 1936 - SECT 121EC Meaning of

INCOME TAX ASSESSMENT ACT 1936 - SECT 121EC

Meaning of

    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.

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