Income Tax Assessment Act 1997

CHAPTER 3 - SPECIALIST LIABILITY RULES  

PART 3-6 - THE IMPUTATION SYSTEM  

Division 216 - Cum dividend sales and securities lending arrangements  

Subdivision 216-B - Statements to be made where there is a cum dividend sale or securities lending arrangement  

SECTION 216-20  

216-20   Cum dividend sale - statement by securities dealer  

If:

(a) section 216-5 applies in relation to a *franked distribution or a *distribution franked with an exempting credit (cum dividend sales); and

(b) a *securities dealer has acted for a particular party to the contract concerned;

the securities dealer must, as soon as practicable after the making of the distribution, give to the other party to the contract a statement in the *approved form setting out such information in relation to the distribution as is required by the approved form.