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Wool Services Privatisation Act 2000
26No assessable income from issue of HoldCo shares
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#### 26 No assessable income from issue of HoldCo shares
For the purposes of the 1936 Tax Act and the 1997 Tax Act, no amount is to be included in the assessable income of a person because of:
(a) the issue of shares to a person under section 21; or
(b) the issue of shares to a person in accordance with HoldCo’s constitution, where the issue is certified under section 36.