Document ID: chunk:federal_register_of_legislation:C2013C00581:clause:2_36
Version: federal_register_of_legislation:C2013C00581
Segment Type: clause
Provision Reference: sch 2 cl 36
Character Range: 61798–62421

36  Subsection 152‑310(3)
Repeal the subsection, substitute:

Additional consequences in relation to interposed entities
 (3) If:
 (a) an entity (the paying entity) receives a payment (whether directly or indirectly through one or more interposed entities) that a company or trust makes to comply with section 152‑325; and
 (b) the paying entity passes on the payment to the *CGT concession stakeholder or another interposed entity;
then:
 (c) the payment cannot be deducted from the paying entity's assessable income; and
 (d) the payment received by the paying entity is not assessable income and is not *exempt income.