Treasury Laws Amendment (Combating Multinational Tax Avoidance) Act 2017 (27 of 2017)

Schedule 1   Diverted profits tax

Income Tax Assessment Act 1997

19   Subsection 205-30(1) (at the end of the table)



the entity *receives a refund of diverted profits tax; and

the entity satisfies the *residency requirement for the income year to which the refund relates; and

that part of the refund that is attributable to the period during which the entity was a franking entity, multiplied by the proportion worked out under subsection (3)

on the day on which the refund is received