INCOME TAX ASSESSMENT ACT 1997 - SECT 197.55 Choosing to untaint a tainted share capital account
INCOME TAX ASSESSMENT ACT 1997 - SECT 197.55
Choosing to untaint a tainted share capital account(1) A company with a * share capital account that is * tainted may make a choice in the * approved form given to the Commissioner to untaint the account.
(2) The choice can be made at any time, but cannot be revoked.
Note: The choice has no effect in relation to a subsequent tainting of
the share capital account that occurs after the choice is made.