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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.