Commonwealth Consolidated Acts

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INCOME TAX ASSESSMENT ACT 1997 - SECT 202.65

Where the franking credit stated in the distribution statement exceeds the maximum franking credit for the distribution

                   If the amount of a * franking credit stated in a * distribution statement for a * distribution exceeds the * maximum franking credit for the distribution, the amount of the franking credit on the distribution is taken to be the amount of the maximum franking credit for the distribution, and not the amount stated in the distribution statement.

Guide to Subdivision 202-E



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