Document ID: chunk:federal_register_of_legislation:C2010C00499:clause:7_5
Version: federal_register_of_legislation:C2010C00499
Segment Type: clause
Provision Reference: sch 7 cl 5
Character Range: 45038–45917

5                                         a *franked distribution is made to the company; and                                                                          the amount of the tax offset                                                                                                                     on the day on which the distribution is made
                                          the company satisfies the *residency requirement for the income year in which the distribution is made; and
                                          the company is a *franking entity when it receives the distribution; and
                                          the company is entitled to a *tax offset under Division 207 because of the distribution; and
                                          the tax offset is not subject to the refundable tax offset rules in Division 67