Document ID: chunk:federal_register_of_legislation:C2024A00134:clause:1_15
Version: federal_register_of_legislation:C2024A00134
Segment Type: clause
Provision Reference: sch 1 cl 15
Character Range: 6014–6516

15  After subsection 205‑35(1A)
Insert:
 (1B) An entity receives a refund of Australian DMT tax if and only if:
 (a) either:
 (i) the entity receives an amount as a refund; or
 (ii) the Commissioner applies a credit, or an *RBA surplus, against a liability or liabilities of the entity; and
 (b) the refund of the amount, or the application of the credit, represents in whole or in part a return to the entity of an amount paid or applied to satisfy the entity's liability to pay *Australian DMT tax.