Commonwealth Consolidated Acts Commonwealth Consolidated ActsThis Division:
(a) applies to certain amounts transferred to a company's share capital account (see Subdivision 197 - A); and
(b) provides for a franking debit to arise if such an amount is transferred to the share capital account (see Subdivision 197 - B); and
(c) provides for the tainting of the share capital account if such an amount is transferred, for how the account may be untainted, and for consequences that flow from untainting the account (see Subdivision 197 - C).
Table of sections
197 - 5 Division generally applies to an amount transferred to share capital account from another account
197 - 10 Exclusion for amounts that could be identified as share capital
197 - 15 Exclusion for amounts transferred under debt/equity swaps
197 - 20 Exclusion for amounts transferred leading to there being no shares with a par value--non - Corporations Act companies
197 - 25 Exclusion for transfers from option premium reserves
197 - 30 Exclusion for transfers made in connection with demutualisations of non - insurance etc. companies
197 - 35 Exclusion for transfers made in connection with demutualisations of insurance etc. companies
197 - 37 Exclusion for transfers made in connection with demutualisations of private health insurers
197 - 38 Exclusion for transfers connected with demutualisations of friendly society health or life insurers
197 - 40 Exclusion for post - demutualisation transfers relating to life insurance companies
197 - 42 Exclusion for exploration credits