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

97   Section 160APA (after paragraph (g) of the definition of frankable dividend )

Insert:

(ga) a non-share dividend that is taken by section 160APAAAA not to be a frankable dividend;

(gb) a non-share dividend that is taken by section 160APAAAB not to be a frankable dividend;