INCOME TAX ASSESSMENT ACT 1997 - SECT 200.30 Benchmark rule
INCOME TAX ASSESSMENT ACT 1997 - SECT 200.30
Benchmark rule(1) All frankable distributions made within a particular period must be franked to the same extent. This is the benchmark rule.
(2) It is designed to ensure that one member of a corporate tax
entity is not preferred over another by the manner in which distributions are
franked.