INCOME TAX ASSESSMENT ACT 1936 (ARCHIVE)

PART IIIAA - FRANKING OF DIVIDENDS  

Division 12A - Venture capital franking  

Subdivision G - Venture capital franking rebates for certain taxpayers  

SECTION 160ASEO   TAXPAYERS WHO QUALIFY FOR VENTURE CAPITAL FRANKING REBATES  

160ASEO(1)   [Requirements for qualifying]  

To qualify for franking rebates under this Subdivision in relation to dividends that a PDF pays in a year of income, a taxpayer must be:

(a) the trustee of a fund that is a complying superannuation fund for the purposes of Part IX in relation to the year of income; or

(b) the trustee of a fund that is a complying ADF for the purposes of Part IX in relation to the year of income; or

(c) the trustee of a unit trust that is a pooled superannuation trust for the purposes of Part IX in relation to the year of income; or

(d) a life assurance company; or

(e) a registered organisation.

160ASEO(2)   [Where trustee does no qualify]  

A trustee of a fund does not qualify under paragraph (1)(a) or (b) if the fund is a self managed superannuation fund (within the meaning of the Superannuation Industry Supervision Act 1993 ).