Document ID: chunk:federal_register_of_legislation:C2025C00029:section:9
Version: federal_register_of_legislation:C2025C00029
Segment Type: section
Provision Reference: s 9
Character Range: 3484604–3486510

9                               (a) the entity purchases a *membership interest in itself; and                                                                                                                               an amount equal to the debit that would have arisen if:                                                                                                                                                                                                          on the day on which the interest is purchased
                                (b) the purchase is an *on‑market buy‑back; and                                                                                                                                              (a) the purchase of the interest were a *frankable distribution equal to the one that would have arisen if the entity:
                                (c) the entity is a company                                                                                                                                                                  (i) purchased the interest *off‑market; and
                                                                                                                                                                                                                             (ii) in the case of a *listed public company—were not a listed public company; and
                                                                                                                                                                                                                             (b) the distribution were *franked at the entity's *benchmark franking percentage for the *franking period in which the purchase was made or, if the entity does not have a benchmark franking percentage for the period, at a *franking percentage of 100%