Document ID: chunk:federal_register_of_legislation:C2025C00029:section:2a
Version: federal_register_of_legislation:C2025C00029
Segment Type: section
Provision Reference: s 2A
Character Range: 3479565–3480803

2A                              the entity *receives a *tax offset refund; and                                                                                                                                               the lesser of:                                                                                                                                                                                                                                                   on the day on which the refund is received
                                the entity does not satisfy the *residency requirement for the income year to which the refund relates; and                                                                                  (a) that part of the refund that is attributable to the period during which the entity was a franking entity; and
                                the entity was a *franking entity during the whole or part of the income year to which the refund relates; and                                                                               (b) the amount of the *franking surplus
                                the entity's *franking account is in *surplus on the day on which the refund is received