INCOME TAX ASSESSMENT ACT 1997 - SECT 203.35 Franking percentage
INCOME TAX ASSESSMENT ACT 1997 - SECT 203.35
Franking percentage(1) Subject to subsection (2), the franking percentage for a * frankable distribution is worked out using the formula:
(2) If the * franking percentage for a * frankable distribution
would exceed 100% if it were worked out under subsection (1), it is
taken to be 100%.