Commonwealth Consolidated Acts

INCOME TAX ASSESSMENT ACT 1997 - SECT 208.100

    If an entity * franks a * distribution with an exempting credit in breach of section   208 - 90:

  (a)   that distribution is taken not to have been franked with an exempting credit; and

  (b)   each other * frankable distribution made by the entity within the relevant * franking period is taken not to have been franked with an exempting credit.