INCOME TAX ASSESSMENT ACT 1997 - SECT 208.90 All frankable distributions made within a franking period must be franked to the same extent with an exempting credit
INCOME TAX ASSESSMENT ACT 1997 - SECT 208.90
All frankable distributions made within a franking period must be franked to the same extent with an exempting credit(1) If an entity * franks a * distribution with an exempting credit, it must frank each other * frankable distribution made within the same * franking period with an exempting credit worked out at the same * exempting percentage.
(2) If an entity is not a * former exempting entity for the
whole of a * franking period (the longer period ), then, for the purposes of
subsection (1), each period within that longer period during which the
entity is a former exempting entity is taken to be a franking period .