Commonwealth Consolidated Acts Commonwealth Consolidated Acts(1) What constitutes a distribution by various * corporate tax entities is set out in the following table:
Distribution | ||
Item | Corporate tax entity | Distribution |
1 | company | a dividend, or something that is taken to be a dividend, under this Act |
2 | * corporate limited partnership | (a) a distribution made by the partnership, whether in money or in other property, to a partner in the partnership, other than a distribution, or so much of a distribution, as is attributable to profits or gains arising during an income year in relation to which the partnership was not a corporate limited partnership (b) something that is taken to be a dividend by the partnership under this Act |
4 | a unit trust dividend, as defined in section 102M of the Income Tax Assessment Act 1936 | |
(2) A * corporate tax entity makes a distribution in the form of a dividend on the day on which the dividend is paid, or taken to have been paid.
Table of sections
960 - 130 Members of entities
960 - 135 Membership interest in an entity
960 - 140 Ordinary membership interest