Document ID: chunk:federal_register_of_legislation:C2025C00029:section:2
Version: federal_register_of_legislation:C2025C00029
Segment Type: section
Provision Reference: s 2
Character Range: 3740796–3742083

2                                         the company *paid a PAYG instalment; and                                                                                                                                                                          that part of the payment that is attributable to:                                                                                                 on the company's assessment day for that income year (see note 1 to this subsection)
                                          the company satisfied the *residency requirement for the income year in relation to which the PAYG instalment was paid; and                                                                                       (a) the *shareholders' share of the *income tax liability of the company for that income year; and
                                          the payment was made before the company's *assessment day for that income year; and                                                                                                                               (b) the period during which the company was a franking entity
                                          the company was a *franking entity for the whole or part of the relevant *PAYG instalment period