Document ID: chunk:federal_register_of_legislation:C2010C00613:clause:8_109xc:p2
Version: federal_register_of_legislation:C2010C00613
Segment Type: clause
Provision Reference: sch 8 cl 109XC (pt 2/2)
Character Range: 51586–52493

reference to an amount paid by the trustee for a transfer of property.

Modified operation of section 109Y

 (7) Section 109Y applies to the Division 7A amount in this way:
 (a) assume that the private company referred to in subsection 109XA(1), (2) or (3) had been taken to have paid a dividend to the shareholder or associate referred to in that subsection equal to the Division 7A amount; and
 (b) assume that the dividend was taken to have been paid at the end of the year of income of the company in which the actual transaction took place; and
 (c) a reference in that section to a private company's distributable surplus has effect as a reference to the distributable surplus of the private company referred to in paragraph (a).

Certain provisions do not apply

 (8) Subsection 109D(1A), sections 109K, 109NA and 109NB and paragraphs 109R(3)(a), (b) and (ba) do not apply to an actual transaction.