WebbTainting of the share capital account What is ‘tainting’? The tainting provisions were introduced when the corporate law was changed in 1998 to abolish par value of shares and to make it easier for companies to return share capital to their shareholders. The provisions were designed to remove any incentive for companies Webb7.6 However, the share capital tainting rules will apply to ensure that the merger of AGL’s share premium account with AGL’s share capital account will not result in that account becoming tainted as a result of the merger. Detailed explanation of new law. 7.7 Clause 5 is structured in the following way:

1. Introduction

WebbHer roles and responsibilities encompass training, coaching and supervising staff, market participants, as well as preparing and presenting policy briefs, rules and regulations to senior... Webb6 feb. 2006 · Capital adjustments may also trigger "disastrous" tax consequences under so-called share capital tainting rules, which were repealed in 2002 and are yet to be rewritten, creating uncertainty for ... cycle moviewkipidia

Re-introducing the share capital tainting rules - The Tax Institute

Webb13 mars 2024 · Share capital is separate from other types of equity accounts. As the name “additional paid-in capital” indicates, this equity account refers only to the amount “paid-in” by investors and … Webb16 nov. 2009 · Australia: Share Shank Redemption. The quirky interaction of the Corporations Act, an ASIC practice note and the tax law can create a nasty sting in the tail for ongoing shareholders following the redemption of preference shares by a company. Section 254K of the Corporations Act 2001 provides that a company may only redeem … Webb2 okt. 2024 · The monetary share capital that a company is allowed to raise is called authorized share capital without getting shareholders to vote on an increase. It limits the amount of money a company can raise through the sale of shares, not the number of shares. Issued Share Capital cheap universal laptop chargers