INCOME TAX ASSESSMENT ACT 1936 (ARCHIVE)

PART IIIAA - FRANKING OF DIVIDENDS  

Division 1AAA - Application of Part to non-share dividends  

SECTION 160AOA   APPLICATION OF PART TO NON-SHARE DIVIDENDS  

160AOA(1)   [Applications]  

This Part:

(a) applies to a non-share equity interest in the same way as it applies to a share; and

(b) applies to an equity holder who is not a shareholder in the same way as it applies to a shareholder; and

(c) applies to a non-share dividend in the same way as it applies to a dividend.

160AOA(2)   [Sec 160APA not covered]  

Subsection (1) does not apply to paragraph (aaa) of the definition of frankable dividend in section 160APA .

160AOA(3)   [Effect of non-share equity interests]  

Subsection (1) has effect subject to the special provision made for non-share equity interests, equity holders who are not shareholders and non-share dividends in:

(a) paragraphs (ga) and (gb) of the definition of frankable dividend in section 160APA ; and

(b) section 160APAAAA ; and

(c) section 160APAAAB ; and

(d) subsection 160AQCBA(3A) , (3B) and (3C).