12‑215 Dividend payment received for for12‑215 Dividend payment received for foreign resident

#### 12‑215 Dividend payment received for foreign resident (1) An entity that receives a payment of a \*dividend of a company that is an Australian resident must withhold an amount from the dividend if: (a) the entity is a person in Australia or an \*Australian government agency; and (b) a foreign resident is or becomes entitled: (i) to receive the dividend or part of it from the entity, or to receive the amount of the dividend or of part of it from the entity; or (ii) to have the entity credit to the foreign resident, or otherwise deal with on the foreign resident’s behalf or as the foreign resident directs, the dividend or part of it, or the amount of the dividend or of part of it. For limits on the amount to be withheld, see section 12‑300. (2) The entity must withhold the amount: (a) if the foreign resident is so entitled when the entity receives the payment—immediately after the entity receives the payment; or (b) if the foreign resident becomes so entitled after the entity receives the payment—immediately after the foreign resident becomes so entitled.