Commonwealth Consolidated Acts

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INCOME TAX ASSESSMENT ACT 1997 - SECT 208.80

Additional information to be included by a former exempting entity or exempting entity

                 (1)    A * former exempting entity that makes a * distribution * franked with an exempting credit must include in the * distribution statement given to the recipient, a statement that there is an * exempting credit of a specified amount on the distribution.

                 (2)    An * exempting entity that makes a * frankable distribution to a * member must include in the * distribution statement given to the member, a statement to the effect that members who are Australian residents are not entitled to a * tax offset or * franking credit as a result of the distribution, except for certain * corporate tax entities, and employees who receive the distribution in connection with certain * employee share schemes.

                 (3)    If, under subsection (1) or (2), a statement must be included in a * distribution statement, the distribution statement is taken not to have been given unless the statement is included.

Guide to Subdivision 208-E



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