INCOME TAX ASSESSMENT ACT 1997 - SECT 202.80 Distribution statement

INCOME TAX ASSESSMENT ACT 1997 - SECT 202.80

  (1)   A distribution statement is a statement made in accordance with this section.

  (2)   The statement must be in the * approved form.

  (3)   The statement must:

  (a)   identify the entity making the distribution; and

  (b)   state the date on which the distribution is made; and

  (c)   state the amount of the distribution; and

  (d)   state that there is a * franking credit of an amount specified on the distribution; and

  (e)   state the * franking percentage for the distribution; and

  (f)   state the amount of any * withholding tax that has been deducted from the distribution by the entity; and

  (g)   include any other information required by the * approved form that is relevant to imputation generally or the distribution.

Note:   Under the Taxation Administration Act 1953 it is an offence to fail to give a statement required under this Subdivision, or make a misleading statement in connection with a distribution (whether franked or not).