INCOME TAX ASSESSMENT ACT 1936 (ARCHIVE)
In this section:
has the same meaning as in section 160AFE of this Act as in force immediately before 1 July 2002.
(a) if a dividend was paid to the shareholder by a company other than an exempting entity, or by an exempting entity and item 6 or 7 of the table in section 208-130 of the Income Tax Assessment Act 1997 applied in relation to the dividend:
(i) the unfranked part of the dividend; or
(ii) any part of the dividend in respect of which a determination is made under Subdivision 204-D of the Income Tax Assessment Act 1997 , or under paragraph 177EA(5)(b) of this Act; or
(b) if a dividend was made to the shareholder by an exempting entity and item 6 or 7 of the table in section 208-130 of the Income Tax Assessment Act 1997 does not apply to the dividend - any part of the dividend. 46F(3) [Application]
(a) the shareholder is a group company in relation to the company paying the dividend in relation to the year of income in which the dividend is paid; or
(b) were the tests in section 160AFE for working out relationships between companies to apply to a particular time rather than in relation to a year of income - the shareholder would have been a group company in relation to the company paying the dividend at all times during the period of 12 months ending on the day on which the dividend was paid. 46F(4) [Prescribed dual resident]
Subsection (3) does not affect the application of subsection (2) to the extent that subsection (2) deals with the payment of the unfranked part of a dividend (whether or not under subparagraph (a)(i) of that subsection):
(a) to a shareholder that is a prescribed dual resident at the time the dividend is paid; or
(b) by a company that is a prescribed dual resident at the time the dividend is paid.