Income Tax Assessment Act 1997
View history note
Hide history noteSECTION 208-160 208-160 Distributions that are affected by a manipulation of the imputation system
For the purposes of item 2 of the table in section 208-115 and items 2 and 5 of the table in section 208-130 , a *distribution to an entity is affected by a manipulation of the imputation system if:
(a) the Commissioner has made a determination under paragraph 204-30(3)(c) that no *imputation benefit is to arise for the entity in respect of the distribution; or
(b) the Commissioner has made a determination under paragraph 177EA(5)(b) of the Income Tax Assessment Act 1936 that no franking credit benefit (within the meaning of that section) is to arise in respect of the distribution to the entity; or
(c) the distribution is part of a *dividend stripping operation.
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