Income Tax Assessment Act 1997

CHAPTER 3 - SPECIALIST LIABILITY RULES  

PART 3-5 - CORPORATE TAXPAYERS AND CORPORATE DISTRIBUTIONS  

Division 164 - Non-share capital accounts for companies  

Operative provisions  

SECTION 164-5   Object  

164-5(1)    
This Division provides for the *non-share capital account through which a company records contributions made to it in respect of *non-share equity interests and returns by it of those contributions.

164-5(2)    
This allows a *non-share distribution to be characterised as either:

(a) a *non-share dividend; or

(b) a *non-share capital return.