Income Tax Assessment Act 1997
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Hide history noteSECTION 207-155 207-155 When is a distribution made as part of a dividend stripping operation?
A distribution made to a *member of a *corporate tax entity is taken to be made as part of a dividend stripping operation if, and only if, the making of the distribution arose out of, or was made in the course of, a *scheme that:
(a) was by way of, or in the nature of, dividend stripping; or
(b) had substantially the effect of a scheme by way of, or in the nature of, dividend stripping.
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