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

Schedule 2   Tainting rule

Income Tax Assessment Act 1936

4   Section 160APA

Insert:

tainting amount means the sum of:

(a) the amount transferred to a company's share capital account when the share capital account most recently became tainted under section 160ARDM; and

(b) if the company subsequently transferred one or more further amounts to its share capital account - that further amount or those further amounts.