Document ID: chunk:federal_register_of_legislation:C2025C00014:section:109xi:p2
Version: federal_register_of_legislation:C2025C00014
Segment Type: section
Provision Reference: s 109XI (pt 2/2)
Character Range: 998161–998961

the Commissioner must take account of:
 (a) the amount the private company is or becomes entitled to from the net income of the first interposed trust; and
 (b) how much (if any) of that amount the Commissioner believes represented consideration payable to the private company by:
 (i) the target trust; or
 (ii) any of the interposed trusts;
  for anything (assuming that the consideration payable equals that for similar transactions at arm's length).

Timing of entitlement
 (7) The company is taken to be or to become entitled to the amount from the net income of the target trust at the time the company is or becomes entitled to the amount from the net income of the first interposed trust mentioned in paragraph (1)(a).

Subdivision F—General rules applying to all amounts treated as dividends