Commonwealth Consolidated Acts

[Index] [Table] [Search] [Search this Act] [Notes] [Noteup] [Previous] [Next] [Download] [Help]

INCOME TAX ASSESSMENT ACT 1997 - SECT 200.20

How a distribution is franked

  (1)   A corporate tax entity franks a distribution by allocating a franking credit to it.

  (2)   The amount of the franking credit on the distribution is the amount specified in a statement that accompanies the distribution.

  (3)   Only some kinds of distribution can be franked. These are called frankable distributions.


AustLII: Copyright Policy | Disclaimers | Privacy Policy | Feedback