INCOME TAX ASSESSMENT ACT 1997 - SECT 210.50 Which distributions can be franked with a venture capital credit?
INCOME TAX ASSESSMENT ACT 1997 - SECT 210.50
Which distributions can be franked with a venture capital credit?A * distribution by a * participating PDF is frankable with a venture capital credit if:
(a) the distribution is a * franked distribution; and
(b) the distribution is made under a resolution under which:
(i) distributions are made to all members of the PDF; and
(ii) the amount of the distribution per * membership interest is
the same for each of those distributions.