INCOME TAX ASSESSMENT ACT 1936 (ARCHIVE)
PART IIIAA
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FRANKING OF DIVIDENDS
Division 12A
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Venture capital franking
Subdivision C
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Venture capital credits and debits
SECTION 160ASEJ
160ASEJ
VENTURE CAPITAL DEBIT
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PDF THAT STREAMS DIVIDENDS OR OTHER BENEFITS
Under section 160AQCBA , a venture capital debit of a PDF arises if:
(a) the PDF streams the payment of dividends, or the payment of dividends and the giving of other benefits, to its shareholders in a way mentioned in subsection 160AQCBA(2) ; and
(b) the Commissioner makes a determination under paragraph 160AQCBA(3)(a) in respect of a dividend paid or other benefit given by the PDF; and
(c) the franking credit benefit obtained relates to rebates allowable under section 160ASEP .
View history note
Hide history note[ CCH Note: Note that s 160ASEA is the first section of Div 13, and appears out of alphabetical order.]
Under section 160AQCBA , a venture capital debit of a PDF arises if:
(a) the PDF streams the payment of dividends, or the payment of dividends and the giving of other benefits, to its shareholders in a way mentioned in subsection 160AQCBA(2) ; and
(b) the Commissioner makes a determination under paragraph 160AQCBA(3)(a) in respect of a dividend paid or other benefit given by the PDF; and
(c) the franking credit benefit obtained relates to rebates allowable under section 160ASEP .
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