Commonwealth Consolidated Acts

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INCOME TAX ASSESSMENT ACT 1997 - SECT 230.480

Treatment of gains in form of franked distribution etc.

             (1)  This section applies if a gain you make from a * financial arrangement is in the form of:

                     (a)  a * franked distribution (including a franked distribution that * flows indirectly to you); or

                     (b)  a right to receive a franked distribution (including a franked distribution that will flow indirectly to you).

             (2)  This Division does not apply to the gain to the extent that the * franked distribution has a * franked part.



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