Document ID: chunk:federal_register_of_legislation:C2010C00648:clause:10_35
Version: federal_register_of_legislation:C2010C00648
Segment Type: clause
Provision Reference: sch 10 cl 35
Character Range: 219315–220221

35  Subsections 220‑400(4) and (5)
Repeal the subsections, substitute:

What happens if certain provisions apply

 (4) Subsections (2) and (3) do not apply to the recipient in relation to the *franked distribution if one or more of the following provisions also apply to the recipient in relation to the distribution:
 (a) subsection 207‑90(1);
 (b) subsection 207‑90(2);
 (c) subsection 207‑145(1);
 (d) subsection 207‑145(2).

 (5) If subsection 207‑90(2) or 207‑145(2) would also apply to the recipient in relation to the *franked distribution, apply that subsection on the basis that:
 (a) the amount of the *franking credit on the distribution;
had been reduced by:
 (b) so much of the supplementary dividend as does not exceed that amount of the franking credit.

Relationship with sections 207‑20, 207‑90 and 207‑145

 (6) Sections 207‑20, 207‑90 and 207‑145 have effect subject to this section.