Commonwealth Numbered Acts

Income Tax Assessment Amendment Act (No. 4) 1982 No. 76 of 1982 - SECT 9

9. Section 105A of the Principal Act is amended by inserting after sub-section
(3) the following sub-section:

''(3A) Sub-section (3) does not apply in relation to an amount, being the
whole or a part of a dividend paid by a company after 20 January 1982, if-

   (a)  the payment of the dividend was satisfied, in whole or in part, by the
        issue of shares in, or debentures of, the company; and

   (b)  the Commissioner considers that it would be unreasonable for that
        sub-section to apply in relation to that amount.''.