Document ID: chunk:federal_register_of_legislation:C2025C00180:clause:1_6:p14
Version: federal_register_of_legislation:C2025C00180
Segment Type: clause
Provision Reference: sch 1 cl 6 (pt 14/63)
Character Range: 374130–376677

(b) a foreign resident is or becomes entitled:
 (i) to receive the dividend or part of it from the entity, or to receive the amount of the dividend or of part of it from the entity; or
 (ii) to have the entity credit to the foreign resident, or otherwise deal with on the foreign resident's behalf or as the foreign resident directs, the dividend or part of it, or the amount of the dividend or of part of it.
For limits on the amount to be withheld, see section 12‑300.
 (2) The entity must withhold the amount:
 (a) if the foreign resident is so entitled when the entity receives the payment—immediately after the entity receives the payment; or
 (b) if the foreign resident becomes so entitled after the entity receives the payment—immediately after the foreign resident becomes so entitled.

12‑220  Application to part of a dividend
  This Part applies to a part of a *dividend in the same way as to a dividend.

12‑225  Application to distribution by a liquidator or other person
  This Part applies to a distribution that section 47 of the Income Tax Assessment Act 1936 treats as a *dividend paid by a company, in the same way as this Part applies to a dividend paid by the company, and as if the liquidator or other person making the distribution were the company.

Interest

12‑245  Interest payment to overseas person
  An entity must withhold an amount from interest (within the meaning of Division 11A of Part III of the Income Tax Assessment Act 1936) it pays to an entity, or to entities jointly, if:
 (a) the recipient or any of the recipients has an address outside Australia according to any record that is in the payer's possession, or is kept or maintained on the payer's behalf, about the transaction to which the interest relates; or
 (b) the payer is authorised to pay the interest at a place outside Australia (whether to the recipient or any of the recipients or to anyone else).
For limits on the amount to be withheld, see section 12‑300.

12‑250  Interest payment received for foreign resident
 (1) An entity that receives a payment of interest (within the meaning of Division 11A of Part III of the Income Tax Assessment Act 1936) must withhold an amount from the payment if:
 (a) the entity is a person in Australia or an *Australian government agency; and
 (b) a foreign resident is or becomes entitled:
 (i) to receive the interest or part of it from the entity, or to receive the amount of the interest or of part of it from the entity; or
 (ii) to have the entity credit to the foreign resident, or otherwise deal