Commonwealth Numbered Acts

TAXATION LAWS AMENDMENT ACT (No. 2) 1994No. 82, 1994 - SECT 69

69. Section 160ZL of the Principal Act is amended by adding at the end the
following subsection:

"(5) For the purposes of this section, a rebatable dividend adjustment that
arises in relation to a share (see section 160ZLA) is taken:

   (a)  to be an amount that is paid by the company to the taxpayer in respect
        of the share and that is not a dividend; and

   (b)  to have been paid at the time when the distribution referred to in
        that section occurred.".