Taxation Laws Amendment (Company Law Review) Act 1998 (63 of 1998)

Schedule 6   Amendment of the Income Tax Assessment Act 1997

Part 2   Definitional changes

17   Subsection 995-1(1)

Insert:

paid-up share capital of a company means the amount standing to the credit of the company's share capital account reduced by the amount (if any) that represents amounts unpaid on shares.