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: 3631162–3632707

2                                                                                             an entity receives a *distribution *franked with an exempting credit; and                                                                                                                                                                                                 an amount worked out under subsection 208‑165(1)                                                                                     on the day on which the distribution is made
                                                                                              the entity is an *exempting entity at the time the distribution is made; and
                                                                                              the entity satisfies the *residency requirement for the income year in which the distribution is made and at the time the distribution is made; and
                                                                                              some part of the distribution is neither *exempt income nor *non‑assessable non‑exempt income of the entity; and
                                                                                              the entity is an *eligible continuing substantial member in relation to the distribution; and
                                                                                              the distribution is not affected by a manipulation of the imputation system mentioned in section 208‑160