INCOME TAX ASSESSMENT ACT 1936 (ARCHIVE)

PART IIIAA - FRANKING OF DIVIDENDS  

Division 12A - Venture capital franking  

Subdivision C - Venture capital credits and debits  

SECTION 160ASEJ  

160ASEJ   VENTURE CAPITAL DEBIT - PDF THAT STREAMS DIVIDENDS OR OTHER BENEFITS  
Under section 160AQCBA , a venture capital debit of a PDF arises if:

(a) the PDF streams the payment of dividends, or the payment of dividends and the giving of other benefits, to its shareholders in a way mentioned in subsection 160AQCBA(2) ; and

(b) the Commissioner makes a determination under paragraph 160AQCBA(3)(a) in respect of a dividend paid or other benefit given by the PDF; and

(c) the franking credit benefit obtained relates to rebates allowable under section 160ASEP .