Document ID: chunk:federal_register_of_legislation:C2010C00575:clause:3_1
Version: federal_register_of_legislation:C2010C00575
Segment Type: clause
Provision Reference: sch 3 cl 1
Character Range: 29256–29857

1  Subsection 46F(3)
Repeal the subsection, substitute:

 (3) Subsection (2) does not apply if:
 (a) the shareholder is a group company in relation to the company paying the dividend in relation to the year of income in which the dividend is paid; or
 (b) were the tests in section 160AFE for working out relationships between companies to apply to a particular time rather than in relation to a year of income—the shareholder would have been a group company in relation to the company paying the dividend at all times during the period of 12 months ending on the day on which the dividend was paid.