Document ID: chunk:federal_register_of_legislation:C2017A00027:clause:1_9
Version: federal_register_of_legislation:C2017A00027
Segment Type: clause
Provision Reference: sch 1 cl 9
Character Range: 24973–25752

9  the company *pays diverted profits tax; and                                                          that part of the payment that is attributable to:                                                  on the day on which the payment is made
   the company satisfies the *residency requirement for the income year for which the tax is paid; and  (a) the *shareholders' share of the income tax liability of the company for that income year; and
   the company is a *franking entity for the whole or part of that income year                          (b) the period during which the company was a franking entity;
                                                                                                        multiplied by the proportion worked out under subsection (4)