S 46H repealed by No 79 of 2007, s 3 and Sch 6 item 1, applicable in relation to distributions made on or after 1 July 2004. S 46H formerly read:
SECTION 46H MEANING OF DISQUALIFYING ACCOUNT AND NON-DISQUALIFYING ACCOUNT
46H(1) Disqualifying account.
Each of the following is a disqualifying account of a company:
(a) a share capital account;
(b) an account consisting of shareholders' capital (as defined in section 61 of the Life Insurance Act 1995) in relation to a statutory fund of a life company (both within the meaning of that Act);
(c) (Repealed by No 63 of 1998)
(d) a reserve to the extent that it consists of profits from the revaluation of assets of the company that:
(i) have not been disposed of by the company; and
(ii) if the company is a life company within the meaning of the Life Insurance Act 1995 - are not assets of a statutory fund (within the meaning of that Act) of the company.
S 46H(1) amended by No 63 of 1998.
46H(2) (Repealed by No 63 of 1998)
46H(3) Non-disqualifying account.
Each account or reserve of a company that is not a disqualifying account is a non-disqualifying account of the company.
S 46H inserted by No 170 of 1995.