INCOME TAX ASSESSMENT ACT 1997 - SECT 200.40 An Australian corporate tax entity can pass the benefit of having received a franked distribution on to its members
INCOME TAX ASSESSMENT ACT 1997 - SECT 200.40
An Australian corporate tax entity can pass the benefit of having received a franked distribution on to its members If an Australian corporate tax entity receives a
franked distribution, it can pass the benefit of having received a
franking credit on the distribution to its own members by franking
distributions to those members.