Document ID: chunk:federal_register_of_legislation:C2010C00648:clause:10_14:p4
Version: federal_register_of_legislation:C2010C00648
Segment Type: clause
Provision Reference: sch 10 cl 14 (pt 4/4)
Character Range: 213227–214389

out a beneficiary's share of the distribution and its share of the franking credit, X's share of the franked distribution is reduced to $28 under this subsection.

What happens if both subsection 207‑95(1) and subsection (1) of this section would apply

 (7) If, apart from this subsection, both subsection 207‑95(1) and subsection (1) of this section would apply to an entity in relation to a *franked distribution, then:
 (a) subsection (1) of this section applies to the entity; but
 (b) subsection 207‑95(1) does not apply to the entity.

What happens if both subsection 207‑95(5) and subsection (5) of this section would apply

 (8) If, apart from this subsection, both subsection 207‑95(5) and subsection (5) of this section would apply to an entity in relation to a *franked distribution, then:
 (a) apply subsections 207‑95(5) and (6) first; and
 (b) apply subsections (5) and (6) of this section on the basis that:
 (i) the amount of the entity's *share of the *franking credit on the distribution had been reduced under subsection 207‑95(5); and
 (ii) the amount of the entity's *share of the distribution had been reduced under subsection 207‑95(6).