Document ID: chunk:federal_register_of_legislation:C2019C00124:clause:5_75:p2
Version: federal_register_of_legislation:C2019C00124
Segment Type: clause
Provision Reference: sch 5 cl 75 (pt 2/2)
Character Range: 167828–168658

2016‑17 income year or a later income year.
(5) For the purposes of determining whether the trust franks the distribution as a result of the event:
 (a) treat the trust as a corporate tax entity at the time it makes the distribution; and
 (b) treat the trust as satisfying the residency requirement in section 202‑20 of the Income Tax Assessment Act 1997 at the time it makes the distribution.
(6) Treat a beneficiary of the trust who receives the distribution as receiving, for the purposes of the income tax law, a dividend from a corporate tax entity.
Note: As a result, the trust will satisfy the requirement in paragraph 202‑5(a) of that Act in respect of the distribution. If the other requirements in section 202‑5 of that Act are satisfied in respect of the distribution, this means that the trust franks the distribution.