Document ID: chunk:federal_register_of_legislation:C2016C00969:section:7:p2
Version: federal_register_of_legislation:C2016C00969
Segment Type: section
Provision Reference: s 7 (pt 2/7)
Character Range: 32041–34653

(b) if there had been a distribution (in this subsection referred to as the relevant income distribution) at the relevant distribution time of income of the relevant company of an amount equal to 48.6% of the amount that, for the purposes of the application of subsection (1), is the amount of the income distribution referred to in that subsection that would have been, or might reasonably be expected to have been, received by the relevant company, a prescribed person or prescribed persons would have received, or might reasonably be expected to have received, the whole or a part of the relevant income distribution if there had been successive distributions of the relative parts of the relevant income distribution to and by each of any companies or trustees, not being prescribed persons, interposed between the relevant company and the prescribed person or prescribed persons;
the prescribed person or all the prescribed persons, as the case may be, may, with the leave of the Commissioner, make, or be a party to, the request in lieu of the company.
 (4) Subject to subsection (5), a request under this section in relation to a taxable amount (in this subsection referred to as the relevant taxable amount) shall:
 (a) be in writing signed by the person or each of the persons, as the case may be, making the request;
 (b) in the case of a request (not being a substitution request) made by a person or persons under subsection (1)—specify an amount in relation to the person equal to the relevant taxable amount, or amounts in relation to the persons equal in the aggregate to the relevant taxable amount, as the case may be;
 (c) in the case of a substitution request:
 (i) specify:
 (A) an amount (in this paragraph referred to as the relevant company amount) in relation to the replacement company, or an amount (in this paragraph also referred to as the relevant company amount) in relation to each of the replacement companies; and
 (B) an amount in relation to the other person or each of the other persons (if any) who would, apart from subsection (3), be entitled to make the request under subsection (1);
  such that the sum of:
 (C) the relevant company amount or the relevant company amounts, as the case may be; and
 (D) the amount, or the amounts, as the case may be, specified under sub‑subparagraph (B);
  equals the relevant taxable amount; and
 (ii) specify in relation to the person, or in relation to each of the persons, entitled by virtue of subsection (3) to make the request in lieu of a company referred to in subparagraph (i) an amount such that the amount, or the aggregate of