INCOME TAX ASSESSMENT ACT 1997

CHAPTER 3 - SPECIALIST LIABILITY RULES  

PART 3-6 - THE IMPUTATION SYSTEM  

Division 202 - Franking a distribution  

Subdivision 202-B - Who can frank a distribution?  

Operative provisions

SECTION 202-20   202-20   Residency requirement when making a distribution  


An entity satisfies the residency requirement when making a *distribution if:


(a) in the case of a company - the company is an Australian resident at that time; and


(b) in the case of a *corporate limited partnership - the corporate limited partnership is an Australian resident at that time; and


(c) (Repealed by No 53 of 2016)


(d) in the case of a *public trading trust - the public trading trust is a resident unit trust for the income year in which that time occurs.


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