New Business Tax System (Imputation) Act 2002 (48 of 2002)

Schedule 2   Consequential amendments of Chapter 6 (the Dictionary) of the Income Tax Assessment Act 1997

41   Subsection 995-1(1)

Insert:

residency requirement :

(a) for an entity making a distributionhas the meaning given by section 202-20:

(b) for an income year in which, or in relation to which, an event specified in the table in section 205-15 (table of franking credits) or section 205-30 (table of franking debits) occurshas the meaning given by section 205-25;

(c) for an entity that receives a *franked distributionhas the meaning given by section 207-75;

(d) for the purposes of determining whether an entity is an exempt institution that is eligible for a refund at the time a *franked distribution is madehas the meaning given by section 207-135.