Document ID: chunk:federal_register_of_legislation:C2014C00749:clause:13_6
Version: federal_register_of_legislation:C2014C00749
Segment Type: clause
Provision Reference: sch 13 cl 6
Character Range: 158997–160845

6                                                                                             an *exempting entity makes a *franked distribution to the entity (the recipient); and                                                                                                                                                                                     an amount worked out using the formula in section 208‑170                                                                            on the day on which the distribution is made
                                                                                              at the time the distribution is made:
                                                                                              (a) the recipient is an exempting entity; and
                                                                                              (b) the recipient satisfies the *residency requirement; and
                                                                                              (c) the relationship between the entities is of the type mentioned in section 208‑135; and
                                                                                              the recipient satisfies the residency requirement for the income year in which the distribution is made; and
                                                                                              the distribution is not wholly *exempt income of the recipient; and
                                                                                              the Commissioner has made a determination under paragraph 177EA(5)(b) of the Income Tax Assessment Act 1936 that no franking credit benefit (within the meaning of that section) is to arise in respect of a specified part of the distribution