Commonwealth Consolidated Acts

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INCOME TAX ASSESSMENT ACT 1997 - SECT 208.190

What this Subdivision is about

Generally, a franked distribution from an exempting entity will only generate a tax effect for the recipient under Division 207 if the recipient is also an exempting entity.

A concession is made to employees of the entity who receive a franked distribution because they hold shares acquired under an eligible employee share scheme.

Table of sections

Operative provisions

208-195    Division 207 does not generally apply

208-200    Distributions to exempting entities

208-205    Distributions to employees acquiring shares under eligible employee share schemes

208-215    Eligible employee share schemes

Operative provisions



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