Division 1A - Circumstances in which a taxpayer can qualify for a franking credit, a franking rebate or the intercorporate dividend rebate  

Subdivision B - Qualification for franking benefits and intercorporate dividend rebate  


160APHT(1)   [Must be an individual]  

A taxpayer is a qualified person in relation to all dividends paid during a year of income on shares that the taxpayer held or held an interest in if:

(a) the taxpayer is an individual; and

(b) the total of the amounts of the rebates to which the taxpayer would be entitled under sections 160AQU , 160AQX and 160AQZ in respect of the year of income if the taxpayer were a qualified person in relation to each of those dividends does not exceed $5000.

160APHT(2)   [Related payments]  

A taxpayer is not a qualified person under subsection (1) in relation to a dividend if the taxpayer or an associate of the taxpayer:

(a) has made; or

(b) is under an obligation to make; or

(c) is likely to make;

a related payment in respect of the dividend or a distribution attributable to the dividend.


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