Document ID: chunk:federal_register_of_legislation:C2010C00576:clause:4_2:p2
Version: federal_register_of_legislation:C2010C00576
Segment Type: clause
Provision Reference: sch 4 cl 2 (pt 2/2)
Character Range: 84101–84922

the company on behalf of its shareholders at any time during the period:
 (i) starting at the beginning of the income year of the company in which the distribution is made; and
 (ii) ending when the distribution is made.

 (1E) Where a *corporate tax entity is entitled to a *tax offset under Subdivision 210‑H because a *distribution *franked with a venture capital credit is made to the entity, the tax offset is not subject to the refundable tax offset rules unless:
 (a) the entity is a *life insurance company; and
 (b) the *membership interest on which the distribution was made was not held by the company on behalf of its shareholders at any time during the period:
 (i) starting at the beginning of the income year of the company in which the distribution is made; and
 (ii) ending when the distribution is made.