Document ID: chunk:federal_register_of_legislation:C2025C00029:section:5
Version: federal_register_of_legislation:C2025C00029
Segment Type: section
Provision Reference: s 5
Character Range: 3636318–3638079

5                                                                                             an *exempting entity makes a *franked distribution to the entity (the recipient); and                                                                                                                                                                                     an amount worked out using the formula in subsection 208‑165(2)                                                                      on the day on which the distribution is made
                                                                                              at the time the distribution is made:
                                                                                              (a) the recipient is an exempting entity; and
                                                                                              (b) the recipient satisfies the *residency requirement; and
                                                                                              (c) the relationship between the entities is of the type mentioned in section 208‑135; and
                                                                                              the recipient satisfies the residency requirement for the income year in which the distribution is made; and
                                                                                              some part of the distribution is neither *exempt income nor *non‑assessable non‑exempt income of the recipient; and
                                                                                              the distribution is not affected by a manipulation of the imputation system mentioned in section 208‑160