INCOME TAX ASSESSMENT ACT 1997 - SECT 976.1 Franked part of a distribution
INCOME TAX ASSESSMENT ACT 1997 - SECT 976.1
Franked part of a distributionThe franked part of a * distribution is an amount worked out using the formula:
where:
"applicable gross-up rate" means the * corporate tax gross - up rate
of the entity making the distribution for the income year in which the
distribution is made.