Document ID: chunk:federal_register_of_legislation:C2025C00014:section:47:p2
Version: federal_register_of_legislation:C2025C00014
Segment Type: section
Provision Reference: s 47 (pt 2/2)
Character Range: 299522–300204

does not cease to exist within a period of 3 years after the distribution, or within such further period as the Commissioner allows;
subsection (2A) shall not apply, and shall be deemed never to have applied, in relation to those moneys or that other property, and those moneys or that other property so distributed shall, for the purposes of this Act, be deemed to be dividends paid by the company to the shareholders out of profits derived by it.
 (3) For the purposes of this section, paid‑up share capital includes capital which has been paid up in money or by other valuable consideration and which has been cancelled and has not been repaid by the company to the shareholders.