Commonwealth Numbered Acts

TAXATION LAWS AMENDMENT ACT (No. 2) 1991No. 100, 1991 - SECT 55

55. Section 160ARY of the Principal Act is amended:
(a) by omitting from paragraph (1) (a) "a company gives to a shareholder in
the company" and substituting "a person (in this section called the `first
person') gives to a shareholder in a company";

   (b)  by omitting from subsection (1) "the company is liable to pay" and
        substituting "the first person is liable to pay";

   (c)  by adding at the end the following subsection:

"(3) In addition to its effect apart from this subsection, this section also
has the effect that it would have if section 160AQUA had not been enacted.".