New Business Tax System (Debt and Equity) Act 2001 (163 of 2001)

Schedule 1   Debt and equity interests

Part 2   Amendment of the Income Tax Assessment Act 1936

Income Tax Assessment Act 1936

61   Subsection 45Z(1A)

Repeal the subsection, substitute:

Application of section

(1A) This section:

(a) does not apply to a dividend that is paid in respect of a non-equity share in a company; and

(b) has effect subject to section 45ZA.