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

Schedule 1   Debt and equity interests

Part 3   Amendment of the Taxation Administration Act 1953

Taxation Administration Act 1953

117   At the end of Subdivision 12-A of Schedule 1

Add:

12-20 Application of Division and regulations to non-share dividends

This Division and the regulations made for the purposes of this Division:

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

(b) apply to an equity holder in the same way as it applies to a shareholder; and

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