Taxation Laws Amendment (Company Law Review) Act 1998 (63 of 1998)

Schedule 5   Definitional changes

Income Tax Assessment Act 1936

19   Subsection 82Q(1)

Repeal the subsection, substitute:

(1) Shares in the capital of a company to which there are attached the same rights, including the following rights:

(a) rights in respect of voting;

(b) rights in respect of dividends;

(c) rights in respect of distribution of share capital in consequence of a reduction of share capital;

(d) rights in respect of distribution of the property of the company in the event of the winding up of the company;

constitute a class of shares for the purposes of this Division, and no other shares in the capital of the company constitute a class of shares for such purposes.