Income Tax Assessment Act 1997
CHAPTER 3
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SPECIALIST LIABILITY RULES
PART 3-10
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FINANCIAL TRANSACTIONS
Division 245
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Forgiveness of commercial debts
Subdivision 245-A
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Debts to which operative rules apply
Application of Division
SECTION 245-15 245-15 Non-equity shares
This Division applies to a *non-equity share issued by a company as if it were a debt to which section 245-10 applies that is owed by the company to the relevant shareholder.
View history note
Hide history noteSECTION 245-15 245-15 Non-equity shares
This Division applies to a *non-equity share issued by a company as if it were a debt to which section 245-10 applies that is owed by the company to the relevant shareholder.
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