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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.

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