s 197-10
In forceSubdivision applies to companies whose share capital accounts were tainted when old Division 7B was closed off
Chapter 3Specialist liability rules
Part 3-5Corporate taxpayers and corporate distributions
Division 197Tainted share capital accounts
Subdivision 197-CSpecial provisions about companies whose share capital accounts were tainted when old Division 7B was closed off
197-10 Subdivision applies to companies whose share capital accounts were tainted when old Division 7B was closed off
This Subdivision applies to a company if, immediately before the old Division 7B close‑off day, the company’s share capital account was tainted under old Division 7B.
Research tools for this sectionPro
The statute text is free to read above. View Pro plans to unlock the case-law research tools for each provision.