INCOME TAX ASSESSMENT ACT 1997 - SECT 208.55 What this Subdivision is about

INCOME TAX ASSESSMENT ACT 1997 - SECT 208.55

If a former exempting entity makes a distribution in circumstances where it could be franked, the entity can frank the distribution with an exempting credit.

Table of sections

Operative provisions

208 - 60   Franking with an exempting credit