Document ID: chunk:federal_register_of_legislation:C2004C00927:clause:3_37
Version: federal_register_of_legislation:C2004C00927
Segment Type: clause
Provision Reference: sch 3 cl 37
Character Range: 509023–509490

37  Subsection 46(9)
Repeal the subsection, substitute:

 (9) A shareholder in a company is not entitled to a rebate under this section in its assessment in respect of dividends paid to it by the company if the income of the company is exempt from tax under:
 (a) Division 1AB of this Part; or
 (b) item 1.1, 1.2, 1.3 or 1.4 of the table in section 50-5, section 50-15 or 50-25 or item 6.1 or 6.2 of the table in section 50-30 of the Income Tax Assessment Act 1997.