Income Tax Assessment Act 1997

CHAPTER 3 - SPECIALIST LIABILITY RULES  

PART 3-6 - THE IMPUTATION SYSTEM  

Division 216 - Cum dividend sales and securities lending arrangements  

Subdivision 216-A - Circumstances where a distribution to a member of a corporate tax entity is treated as having been made to someone else  

SECTION 216-15  

216-15   Distribution closing time  

If *distributions by a *corporate tax entity are made to those *members who were members as at a particular time at or before the distribution is made, that time is the distribution closing time in relation to those distributions.