Published on 01 Apr 11
by "TAXATION IN AUSTRALIA" JOURNAL ARTICLE
Mills considers whether Part IVA applies to the issue of stapled securities by the Commonwealth Bank. The securities were issued to Australian resident shareholders. Distributions in respect of the securities were sourced in and deductible in New Zealand, but provided the Australian resident shareholder with an imputation benefit upon receipt of the distribution.
Current at 27 September 2011
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