Document ID: chunk:federal_register_of_legislation:C2014A00110:clause:2_4:p2
Version: federal_register_of_legislation:C2014A00110
Segment Type: clause
Provision Reference: sch 2 cl 4 (pt 2/2)
Character Range: 51969–53018

An amount that is *non‑assessable non‑exempt income under subsection (2) is taken, for the purpose of section 25‑90 (about deductions relating to foreign non‑assessable non‑exempt income) to be derived from the same source as the *foreign equity distribution.

768‑10  Meaning of foreign equity distribution
  A foreign equity distribution is a *distribution or *non‑share dividend made by a company that is a foreign resident in respect of an *equity interest in the company.

768‑15  Participation test—minimum 10% participation
  An entity satisfies the participation test in this section in relation to another entity at a time if, at that time, the sum of the following is at least 10%:
 (a) the *direct participation interest the entity would have in the other entity if rights on winding‑up were disregarded;
 (b) the *indirect participation interest the entity would have in the other entity if:
 (i) rights on winding‑up were disregarded; and
 (ii) section 960‑185 only applied to intermediate entities that are not *corporate tax entities.