Document ID: chunk:federal_register_of_legislation:C2017A00027:clause:1_22
Version: federal_register_of_legislation:C2017A00027
Segment Type: clause
Provision Reference: sch 1 cl 22
Character Range: 22061–22566

22  After subsection 205‑35(1)
Insert:
 (1A) An entity receives a refund of diverted profits tax if and only if:
 (a) either:
 (i) the entity receives an amount as a refund; or
 (ii) the Commissioner applies a credit, or an *RBA surplus, against a liability or liabilities of the entity; and
 (b) the refund of the amount, or the application of the credit, represents in whole or in part a return to the entity of an amount paid or applied to satisfy the entity's liability to pay *diverted profits tax.