Document ID: chunk:federal_register_of_legislation:C2010C00617:clause:2_160ardaf
Version: federal_register_of_legislation:C2010C00617
Segment Type: clause
Provision Reference: sch 2 cl 160ARDAF
Character Range: 36314–36939

160ARDAF  Present entitlement of exempt institution disregarded in certain circumstances

  The present entitlement of an exempt institution to a share of trust income is disregarded for the purposes of Division 6 of Part III if:
 (a) the institution claims a refund under Division 67 of the Income Tax Assessment Act 1997 on the basis of a rebate under Division 6, 6A or 7 of this Part in relation to a notional trust amount that related to that share of trust income; and
 (b) the institution was not entitled to the rebate because of the operation of section 160ARDAC in relation to a related transaction or arrangement.