Document ID: chunk:federal_register_of_legislation:F2025C00013:reg:35
Version: federal_register_of_legislation:F2025C00013
Segment Type: reg
Provision Reference: reg 35
Character Range: 46868–47483

35  Part VA investment payments
 (1) The amount to be withheld under section 12‑140 or 12‑145 in Schedule 1 to the Act from a payment made in respect of a Part VA investment is an amount equal to the product of the top rate and the amount of the payment.
Note: For the thresholds for withholding, see section 28.
 (2) However, subsection (3) applies if:
 (a) the payment from which that amount is to be withheld is a franked distribution; and
 (b) the franking percentage is less than 100%.
 (3) The amount to be withheld from the payment is the product of the unfranked part of the distribution and the top rate.