Commonwealth Consolidated Acts

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INCOME TAX ASSESSMENT ACT 1936 - SECT 94L

Dividend includes distribution of corporate limited partnership

    A reference in the income tax law (other than subsection   44(1A) of this Act) to a dividend or to a dividend within the meaning of section   6:

  (a)   includes a reference to a distribution made by the partnership, whether in money or in other property, to a partner in the partnership; and

  (b)   does not include a reference to a distribution to the extent to which the distribution is attributable to profits or gains arising during a year of income in relation to which the partnership was not a corporate limited partnership.



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