Document ID: chunk:federal_register_of_legislation:C2010C00617:clause:5_160aseo
Version: federal_register_of_legislation:C2010C00617
Segment Type: clause
Provision Reference: sch 5 cl 160ASEO
Character Range: 89918–90781

160ASEO  Taxpayers who qualify for venture capital franking rebates

 (1) To qualify for franking rebates under this Subdivision in relation to dividends that a PDF pays in a year of income, a taxpayer must be:
 (a) the trustee of a fund that is a complying superannuation fund for the purposes of Part IX in relation to the year of income; or
 (b) the trustee of a fund that is a complying ADF for the purposes of Part IX in relation to the year of income; or
 (c) the trustee of a unit trust that is a pooled superannuation trust for the purposes of Part IX in relation to the year of income; or
 (d) a life assurance company; or
 (e) a registered organisation.

 (2) A trustee of a fund does not qualify under paragraph (1)(a) or (b) if the fund is a self managed superannuation fund (within the meaning of the Superannuation Industry Supervision Act 1993).