ATO Rulings and Determinations
Dividend reinvestment plan
12.12.2008
The Commissioner has issued a draft determination to the effect that a dividend reinvestment plan with the features set out in the draft determination and accounted for in accordance with the accounting set out in the draft determination will not taint the issuing company’s share capital account for the purposes of Div 197 ITAA 1997 (TD 2008/D17). The draft determination does not deal with bonus share plans and “scrip dividends”.
