INCOME TAX ASSESSMENT ACT 1936 (ARCHIVE)
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.]
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 ).
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