Document ID: chunk:federal_register_of_legislation:C2004A00898:clause:1_63
Version: federal_register_of_legislation:C2004A00898
Segment Type: clause
Provision Reference: sch 1 cl 63
Character Range: 91098–91625

63  Subsection 46A(1) (definition of dividend)
Repeal the definition, substitute:

dividend:
 (a) means a dividend paid by a company that is a resident; and
 (b) does not, except in paragraph (6)(a) or (b), include a dividend unless the payment of the dividend arose out of, or was made in the course of, a transaction, operation, undertaking, scheme or arrangement that the Commissioner is satisfied was by way of dividend stripping; and
 (c) does not include a dividend paid in respect of a non‑equity share in the company.