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

Schedule 6   Amendment of the Income Tax Assessment Act 1997

Part 1   Bonus shares

7   At the end of subsection 130-20(2)

Add:

Note 3: Certain capital distributions are taken to be dividends under subsections 45(2) and 45C(1) if a company has entered into a capital streaming or dividend substitution arrangement.