INCOME TAX ASSESSMENT ACT 1936 (ARCHIVE)

PART IIIA - CAPITAL GAINS AND CAPITAL LOSSES

Division 8A - Bonus shares issued after 30 June 1987 where paid-up value is a dividend

SECTION 160ZYHB

160ZYHB APPLICATION
Where:

(a) a person (in this Division called the ``shareholder'' ) holds shares in a company;

(b) after 30 June 1987, the company issues other shares (in this Division called the ``bonus shares'' ) to the shareholder in the circumstances mentioned in subsection 6BA(1) ; and

(c) some or all of the paid-up value of the bonus shares is a dividend;

this Division has effect for the purposes of this Part.

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