Document ID: chunk:federal_register_of_legislation:C2010C00617:clause:5_160asej
Version: federal_register_of_legislation:C2010C00617
Segment Type: clause
Provision Reference: sch 5 cl 160ASEJ
Character Range: 82511–83141

160ASEJ  Venture capital debit—PDF that streams dividends or other benefits

  Under section 160AQCBA, a venture capital debit of a PDF arises if:
 (a) the PDF streams the payment of dividends, or the payment of dividends and the giving of other benefits, to its shareholders in a way mentioned in subsection 160AQCBA(2); and
 (b) the Commissioner makes a determination under paragraph 160AQCBA(3)(a) in respect of a dividend paid or other benefit given by the PDF; and
 (c) the franking credit benefit obtained relates to rebates allowable under section 160ASEP.

Subdivision D—Determination of estimated venture capital debit