INCOME TAX ASSESSMENT ACT 1997 - SECT 204.20 What this Subdivision is about

INCOME TAX ASSESSMENT ACT 1997 - SECT 204.20

This Subdivision prevents the substitution of a tax - exempt bonus share for a franked distribution by imposing a franking debit on the issue of the share as if it were a franked distribution.

Table of sections

Operative provisions

204 - 25   Substituting tax - exempt bonus shares for franked distributions