Document ID: chunk:federal_register_of_legislation:C2010C00499:clause:7_4
Version: federal_register_of_legislation:C2010C00499
Segment Type: clause
Provision Reference: sch 7 cl 4
Character Range: 44192–45038

4                                         the company *pays income tax; and                                                                                            that part of the payment that is attributable to:                                                                                                on the day on which the payment is made
                                          the company satisfies the *residency requirement for the income year for which the tax is paid; and                          (a) the *shareholders' share of the income tax liability of the company for that income year; and
                                          the company is a *franking entity for the whole or part of that income year                                                  (b) the period during which the company was a franking entity