Taxation Laws Amendment (Company Law Review) Act 1998 (63 of 1998)
Schedule 4 Bonus shares
Income Tax Assessment Act 1936
2 Subsection 6BA(3)
Omit "In determining", substitute "If the bonus shares are:
(aa) issued for no consideration and are not a dividend or taken to be a dividend; or
(ab) rebatable under section 46 or 46A;
then for the purposes of this Act (other than section 26AAC), in determining:".
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