INCOME TAX ASSESSMENT ACT 1936 - SECT 159GZZZPA No part of off - market purchase price is a dividend if the company is a listed public company
INCOME TAX ASSESSMENT ACT 1936 - SECT 159GZZZPA
No part of off - market purchase price is a dividend if the company is a listed public company For the purposes of this Act, where a buy - back of a share by a
listed public company is an off - market purchase, no part of the purchase
price in respect of the buy - back of the share is taken to be a dividend.