Document ID: chunk:federal_register_of_legislation:C2010C00613:clause:8_109xb
Version: federal_register_of_legislation:C2010C00613
Segment Type: clause
Provision Reference: sch 8 cl 109XB
Character Range: 48451–49295

109XB  Amounts included in assessable income

 (1) An amount is included, as if it were a dividend, in the assessable income of the shareholder or associate referred to in subsection 109XA(1), (2) or (3) if:
 (a) had the actual transaction been done by a private company (the notional company); and
 (b) had the shareholder or associate been a shareholder of the notional company at the time the actual transaction took place;
an amount (the Division 7A amount) would have been included in the shareholder's or associate's assessable income because of a provision of this Division outside this Subdivision.

 (2) Subject to section 109Y, the amount that is included under subsection (1) is the Division 7A amount.

Note: There are some modifications of this Division for the purposes of working out the Division 7A amount: see section 109XC.