INCOME TAX ASSESSMENT ACT 1936 (ARCHIVE)
View history note
Hide history note(a) an amount is included under section 160AQT in the assessable income of a shareholder of a year of income; and
(b) the shareholder is not:
(i) a partnership; or
(ii) a trustee (other than the trustee of an eligible entity within the meaning of Part IX or of an exempt institution whose exempt status is disregarded in relation to the dividend under section 160ARDAB );
the shareholder is entitled to a rebate of tax in the shareholder's assessment in respect of income of the year of income equal to the amount so included in the shareholder's assessable income.
For the purposes of subsection (1), in determining the amount included under section 160AQT in the assessable income of a shareholder, disregard:
(a) sections 282B , 283 and 297B of this Act; and
(b) paragraphs 320-37(1)(a) and (d) of the Income Tax Assessment Act 1997 .
Disregard section 50-1 of the Income Tax Assessment Act 1997 in determining, for the purposes of subsection (1), the amount included under section 160AQT in the assessable income of an exempt institution whose exempt status is disregarded in relation to the dividend concerned under section 160ARDAB .
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