INCOME TAX ASSESSMENT ACT 1997 - SECT 208.160 Distributions that are affected by a manipulation of the imputation system

INCOME TAX ASSESSMENT ACT 1997 - SECT 208.160

    For the purposes of item   2 of the table in section   208 - 115 and items   2 and 5 of the table in section   208 - 130, a * distribution to an entity is affected by a manipulation of the imputation system if:

  (a)   the Commissioner has made a determination under paragraph   204 - 30(3)(c) that no * imputation benefit is to arise for the entity in respect of the distribution; or

  (b)   the Commissioner has made a determination under paragraph   177EA(5)(b) of the Income Tax Assessment Act 1936 that no franking credit benefit (within the meaning of that section) is to arise in respect of the distribution to the entity; or

  (c)   the distribution is part of a * dividend stripping operation.