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Income Tax Assessment Act 1997
26‑26 Non‑share distributions and divide26‑26 Non‑share distributions and dividends
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26‑26 Non‑share distributions and dividends
(1) A company cannot deduct under this Act: (a) a *non‑share distribution; or (b) a return that has accrued on a *non‑share equity interest. (2) A company cannot deduct a *dividend paid on an *equity interest in the company as a *general deduction under this Act.