Document ID: chunk:federal_register_of_legislation:C2014C00672:clause:6_2a
Version: federal_register_of_legislation:C2014C00672
Segment Type: clause
Provision Reference: sch 6 cl 2A
Character Range: 78964–79722

2A  the entity *receives a *tax offset refund; and                                                                  the lesser of:                                                                                                     on the day on which the refund is received

    the entity does not satisfy the *residency requirement for the income year to which the refund relates; and     (a) that part of the refund that is attributable to the period during which the entity was a franking entity; and

    the entity was a *franking entity during the whole or part of the income year to which the refund relates; and  (b) the amount of the *franking surplus

    the entity's *franking account is in *surplus on the day on which the refund is received