Treasury Laws Amendment (Combating Multinational Tax Avoidance) Act 2017 (27 of 2017)

Schedule 1   Diverted profits tax

Income Tax Assessment Act 1997

14   Subsection 205-15(1) (at the end of the table)



the entity *pays diverted profits tax; and

the entity satisfies the *residency requirement for the income year for which the tax is paid; and

the entity is a *franking entity for the whole or part of that income year

that part of the payment that is attributable to the period during which the entity was a franking entity, multiplied by the proportion worked out under subsection (5)

on the day on which the payment is made