INCOME TAX ASSESSMENT ACT 1997 - SECT 203.30 Setting a benchmark franking percentage
INCOME TAX ASSESSMENT ACT 1997 - SECT 203.30
Setting a benchmark franking percentageThe benchmark franking percentage for an entity for a * franking period is the same as the * franking percentage for the first * frankable distribution made by the entity within the period.
Note: If no frankable distribution is made during the period, there is
no benchmark franking percentage for the period.