Taxation Administration Act 1953

SCHEDULE 1 - COLLECTION AND RECOVERY OF INCOME TAX AND OTHER LIABILITIES  

Note: See section 3AA .

Chapter 2 - Collection, recovery and administration of income tax  

PART 2-5 - PAY AS YOU GO (PAYG) WITHHOLDING  

Division 12 - Payments from which amounts must be withheld  

Subdivision 12-E - Payments where TFN or ABN not quoted  

Payment in respect of investment

SECTION 12-165  

12-165   EXCEPTION FOR FULLY FRANKED DIVIDEND  

Section 12-140 does not require an amount to be withheld if:

(a) the investment consists of *shares in a public company (as defined in section 202A of the Income Tax Assessment Act 1936 ); and

(b) the payment is a *distribution that has been franked in accordance with section 202-5 of the Income Tax Assessment Act 1997 ; and

(c) the *franking percentage for the distribution is 100%.