Document ID: chunk:federal_register_of_legislation:C2025C00029:section:2
Version: federal_register_of_legislation:C2025C00029
Segment Type: section
Provision Reference: s 2
Character Range: 3751676–3752460

2                                        the company *receives a refund of income tax; and                                                                      that part of the refund that is attributable to:                                                    on the day on which the refund is received
                                         the company satisfies the *residency requirement for the income year to which the refund relates; and                  (a) the *shareholders' share of the *income tax liability of the company for that income year; and
                                         the company was a *franking entity for the whole or part of that income year                                           (b) the period during which the company was a franking entity