Treasury Laws Amendment (2023 Measures No. 1) Act 2023 (101 of 2023)

Schedule 4   Off-market share buy-backs

Part 1   Off-market share buy-backs

Division 1   Main amendments

Income Tax Assessment Act 1997

7   Subsection 205-30(1) (table item 9, column headed "A debit of:", paragraph (a))

Repeal the paragraph, substitute:

(a) the purchase of the interest were a *frankable distribution equal to the one that would have arisen if the entity:

(i) purchased the interest *off-market; and

(ii) in the case of a *listed public company - were not a listed public company; and