INCOME TAX ASSESSMENT ACT 1997 - SECT 208.90 All frankable distributions made within a franking period must be franked to the same extent with an exempting credit

Commonwealth Consolidated Acts

[Index] [Table] [Search] [Search this Act] [Notes] [Noteup] [Previous] [Next] [Download] [Help]

INCOME TAX ASSESSMENT ACT 1997 - SECT 208.90

All frankable distributions made within a franking period must be franked to the same extent with an exempting credit

(1) If an entity * franks a * distribution with an exempting credit, it must frank each other * frankable distribution made within the same * franking period with an exempting credit worked out at the same * exempting percentage.

(2) If an entity is not a * former exempting entity for the whole of a * franking period (the longer period ), then, for the purposes of subsection (1), each period within that longer period during which the entity is a former exempting entity is taken to be a franking period .

AustLII: Copyright Policy | Disclaimers | Privacy Policy | Feedback