Document ID: chunk:federal_register_of_legislation:C2025C00029:section:4:p10
Version: federal_register_of_legislation:C2025C00029
Segment Type: section
Provision Reference: s 4 (pt 10/34)
Character Range: 3549399–3552219

to a *franked distribution that *flows indirectly to the entity under subsection 207‑50(3) or (4) is the entity's share amount that is mentioned in that subsection.

Distribution event
 (5) A distribution event in relation to a *franked distribution is an act, transaction or circumstance that has happened, will happen, or may reasonably be expected to happen, as part of, in relation to or as a result of:
 (a) the payment or receipt of the distribution; or
 (b) if the distribution *flows indirectly to an entity under subsection 207‑50(3) or (4)—the arising of, or the distribution or receipt of, the entity's *trust share amount in relation to the distribution; or
 (c) an *arrangement entered into in association with a matter mentioned in paragraph (a) or (b).

207‑122  Entity may be ineligible if distribution is in the form of property other than money
  This section applies to an entity (the ineligible entity) to whom a *franked distribution is made, or *flows indirectly under subsection 207‑50(3) or (4), if:
 (a) one of the following is in the form of property other than money:
 (i) if the distribution is made to the ineligible entity—all or part of the distribution;
 (ii) if the distribution flows indirectly to the ineligible entity through the trustee of a trust under subsection 207‑50(3) or (4)—all or a part of a distribution (the trust distribution) made by the trustee of the trust that relates to the ineligible entity's *trust share amount in relation to the franked distribution; and
 (b) the terms and conditions on which the franked distribution or trust distribution is made are such that the ineligible entity:
 (i) does not receive immediate custody and control of the property; or
 (ii) does not have the unconditional right to retain custody and control of the property in perpetuity; or
 (iii) does not obtain an immediate, indefeasible and unencumbered legal and equitable title to the property.

207‑124  Entity may be ineligible if other money or property also acquired
  Subject to section 207‑128, this section applies to an entity (the ineligible entity) to whom a *franked distribution is made, or *flows indirectly under subsection 207‑50(3) or (4), if:
 (a) the ineligible entity or another entity has entered into an *arrangement as part of, or in association with:
 (i) the distribution; or
 (ii) if the distribution flows indirectly to the ineligible entity—the ineligible entity's *trust share amount in relation to the distribution; and
 (b) because of the arrangement, the ineligible entity or another entity has acquired or will acquire (whether directly or indirectly) money or property, other than money or property comprising the distribution or the ineligible entity's trust share amount, from:
 (i) the entity making the distribution; or
 (ii) an entity through