Taxation Laws Amendment (Company Law Review) Act 1998 (63 of 1998)
Schedule 5 Definitional changes
Income Tax Assessment Act 1936
3 Subsection 6(1)
Insert:
paid-up share capital of a company means the amount standing to the credit of the company's share capital account reduced by:
(a) the amount (if any) that represents amounts unpaid on shares; and
(b) the tainting amount (if any).
Copyright notice
© Australian Taxation Office for the Commonwealth of Australia
You are free to copy, adapt, modify, transmit and distribute material on this website as you wish (but not in any way that suggests the ATO or the Commonwealth endorses you or any of your services or products).
