Commonwealth Consolidated Acts

INCOME TAX ASSESSMENT ACT 1997 - SECT 210.75

If a PDF has a venture capital surplus when it makes a distribution frankable with venture capital credits, it must frank the distribution with venture capital credits.

Table of sections

Operative provisions

210 - 80   Draining the venture capital surplus when a distribution frankable with venture capital credits is made

210 - 81   Distributions to be franked with venture capital credits to the same extent

210 - 82   Consequences of breaching the rule in section   210 - 81