INCOME TAX ASSESSMENT ACT 1997 - SECT 230.480 Treatment of gains in form of franked distribution etc.
INCOME TAX ASSESSMENT ACT 1997 - SECT 230.480
Treatment of gains in form of franked distribution etc.(1) This section applies if a gain you make from a * financial arrangement is in the form of:
(a) a * franked distribution (including a franked distribution that * flows indirectly to you); or
(b) a right to receive a franked distribution (including a franked distribution that will flow indirectly to you).
(2) This Division does not apply to the gain to the extent that
the * franked distribution has a * franked part.