Document ID: chunk:federal_register_of_legislation:C2010C00499:clause:7_2
Version: federal_register_of_legislation:C2010C00499
Segment Type: clause
Provision Reference: sch 7 cl 2
Character Range: 42178–43208

2                                         the company *paid a PAYG instalment; and                                                                                     that part of the payment that is attributable to:                                                                                                on the company's assessment day for that income year (see note 1 to this subsection)
                                          the company satisfied the *residency requirement for the income year in relation to which the PAYG instalment was paid; and  (a) the *shareholders' share of the income tax liability of the company for that income year; and
                                          the payment was made before the company's *assessment day for that income year; and                                          (b) the period during which the company was a franking entity
                                          the company was a *franking entity for the whole or part of the relevant *PAYG instalment period