Pt IIIAA inserted by No 58 of 1987.
Div 1A inserted by No 93 of 1999.
Subdiv B inserted by No 93 of 1999.
160APHQ PERSONS QUALIFIED BY HOLDING SHARES OR INTERESTS IN SHARES WHERE THE SHARES WERE ISSUED IN CONNECTION WITH A WINDING UP
(a) the shares were issued in connection with a proposed winding up of the company; and
(b) the shares or interest was not disposed of by the taxpayer before the commencement of the winding up; and
(c) neither the taxpayer nor an associate of the taxpayer has made, is under an obligation to make, or is likely to make, a related payment in respect of the dividend.
S 160APHQ inserted by No 93 of 1999.