Document ID: chunk:federal_register_of_legislation:C2017A00027:clause:1_4
Version: federal_register_of_legislation:C2017A00027
Segment Type: clause
Provision Reference: sch 1 cl 4
Character Range: 25989–26779

4  the company *receives a refund of diverted profits tax; and                                            that part of the refund that is attributable to:                                                   on the day on which the refund is received
   the company satisfies the *residency requirement for the income year to which the refund relates; and  (a) the *shareholders' share of the income tax liability of the company for that income year; and
   the company was 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 (3)