Commonwealth Consolidated Acts

INCOME TAX ASSESSMENT ACT 1997 - SECT 200.1

This Division provides an overview of the imputation system.

Table of sections

200 - 5   The imputation system

200 - 10   Franking a distribution

200 - 15   The franking account

200 - 20   How a distribution is franked

200 - 25   A corporate tax entity must not give its members credit for more tax than the entity has paid

200 - 30   Benchmark rule

200 - 35   Effect of receiving a franked distribution

200 - 40   An Australian corporate tax entity can pass the benefit of having received a franked distribution on to its members

200 - 45   Special rules for franking by some entities