INCOME TAX ASSESSMENT ACT 1997 - SECT 202.50 What this Subdivision is about
INCOME TAX ASSESSMENT ACT 1997 - SECT 202.50
What this Subdivision is aboutThe amount of the franking credit on a distribution is that stated in the distribution statement, unless the amount stated exceeds the maximum franking credit for the distribution.
In that case, the amount of the franking credit on the distribution is taken to be the maximum franking credit for the distribution, worked out under this Subdivision.
202 - 55 What is the maximum franking credit for a frankable distribution?
202 - 60 Amount of the franking credit on a distribution
202 - 65 Where the franking credit stated in the distribution statement
exceeds the maximum franking credit for the distribution