INCOME TAX ASSESSMENT ACT 1997 - SECT 200.20 How a distribution is franked
INCOME TAX ASSESSMENT ACT 1997 - SECT 200.20
How a distribution is franked(1) A corporate tax entity franks a distribution by allocating a franking credit to it.
(2) The amount of the franking credit on the distribution is the amount specified in a statement that accompanies the distribution.
(3) Only some kinds of distribution can be franked. These are
called frankable distributions.