Document ID: chunk:federal_register_of_legislation:C2010C00615:clause:3_160apht
Version: federal_register_of_legislation:C2010C00615
Segment Type: clause
Provision Reference: sch 3 cl 160APHT
Character Range: 293364–294199

160APHT  Individual taxpayers qualified as small shareholders

 (1) A taxpayer is a qualified person in relation to all dividends paid during a year of income on shares that the taxpayer held or held an interest in if:
 (a) the taxpayer is an individual; and
 (b) the total of the amounts of the rebates to which the taxpayer would be entitled under sections 160AQU, 160AQX and 160AQZ in respect of the year of income if the taxpayer were a qualified person in relation to each of those dividends does not exceed $5000.

 (2) A taxpayer is not a qualified person under subsection (1) in relation to a dividend if the taxpayer or an associate of the taxpayer:
 (a) has made; or
 (b) is under an obligation to make; or
 (c) is likely to make;
a related payment in respect of the dividend or a distribution attributable to the dividend.