Document ID: chunk:federal_register_of_legislation:C2014C00749:clause:13_3
Version: federal_register_of_legislation:C2014C00749
Segment Type: clause
Provision Reference: sch 13 cl 3
Character Range: 138068–139287

3                  the entity receives a *distribution *franked with an exempting credit; and                                                                                                                                                                                                  an amount worked out under section 208‑170                                                                                                                                                                                                                              on the day on which the distribution is made
                   the entity satisfies the *residency requirement for the income year in which the distribution is made and at the time the distribution is made; and
                   the distribution is not wholly *exempt income of the entity; and
                   the entity is an *eligible continuing substantial member in relation to the distribution; and
                   the Commissioner has made a determination under paragraph 177EA(5)(b) of the Income Tax Assessment Act 1936 that no franking credit benefit (within the meaning of that section) is to arise in respect of a specified part of the distribution