INCOME TAX ASSESSMENT ACT 1936 (ARCHIVE)
PART IIIAA
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FRANKING OF DIVIDENDS
Division 7A
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Application of Part in relation to trusts that are treated as companies
Subdivision A
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General modifications
SECTION 160ARDCA
160ARDCA
SCHEMES BY WAY OF DIVIDEND STRIPPING
In applying section 160APHA to a corporate trust dividend, a scheme shall be taken to be by way of or in the nature of dividend stripping, or to have had substantially the effect of a scheme by way of or in the nature of dividend stripping if, had the corporate trust dividend been a dividend paid by a company, the scheme would have been a scheme by way of or in the nature of dividend stripping, or, as the case requires, would have had substantially the effect of a scheme by way of or in the nature of dividend stripping.
View history note
Hide history noteIn applying section 160APHA to a corporate trust dividend, a scheme shall be taken to be by way of or in the nature of dividend stripping, or to have had substantially the effect of a scheme by way of or in the nature of dividend stripping if, had the corporate trust dividend been a dividend paid by a company, the scheme would have been a scheme by way of or in the nature of dividend stripping, or, as the case requires, would have had substantially the effect of a scheme by way of or in the nature of dividend stripping.
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