INCOME TAX ASSESSMENT ACT 1997 - SECT 210.70 Additional information to be included when a distribution is franked with a venture capital credit
INCOME TAX ASSESSMENT ACT 1997 - SECT 210.70
Additional information to be included when a distribution is franked with a venture capital credit(1) A * participating PDF that makes a * distribution * franked with a venture capital credit must include in the * distribution statement given to the recipient:
(a) a statement that there is a * venture capital credit of a specified amount on the distribution; and
(b) a statement to the effect that the venture capital credit is only relevant for a taxpayer who is:
(i) the trustee of an entity that is a * complying superannuation entity in relation to the income year in which the distribution is made and is not a * self managed superannuation fund; or
(iv) a * life insurance company.
(2) If, under subsection (1), a statement must be
included in a * distribution statement, the distribution statement is taken
not to have been given unless the statement is included.