(1) The venture capital credit on a distribution cannot exceed the franking credit on the distribution. It is, in this sense, a species of franking credit.
(2) A PDF can only distribute venture capital credits if it does it so that all members of the PDF receive venture capital credits in proportion to their holdings.
(3) If a PDF has a venture capital surplus when it makes a distribution, it must frank the distribution with venture capital credits.
(4) There are measures to ensure that a PDF does not maintain a venture capital deficit over a prolonged period.
Guide to Subdivision 210-A