Document ID: chunk:federal_register_of_legislation:C2025C00029:section:3
Version: federal_register_of_legislation:C2025C00029
Segment Type: section
Provision Reference: s 3
Character Range: 3742083–3743324

3                                         the company *pays a PAYG instalment; and                                                                                                                                                                          that part of the payment that is attributable to:                                                                                                 on the day on which the payment is made
                                          the company satisfies the *residency requirement for the income year in relation to which the PAYG instalment is paid; and                                                                                        (a) the *shareholders' share of the *income tax liability of the company for that income year; and
                                          the payment is made on or after the company's *assessment day for that income year; and                                                                                                                           (b) the period during which the company was a franking entity
                                          the company is a *franking entity for the whole or part of the relevant *PAYG instalment period