Taxation Laws Amendment Act (No. 3) 1998 (47 of 1998)

Schedule 8   Distributions from private companies

Part 2   Fringe Benefits Tax Assessment Act 1986

11   Subsection 136(1) (at the end of the definition of fringe benefit )

Add:

(q) anything done in relation to a shareholder in a private company (as those terms are defined in section 6 of the Income Tax Assessment Act 1936), or an associate of such a shareholder, that causes (or will cause) the private company to be taken under Division 7A of Part III of that Act to pay the shareholder or associate a dividend.