Commonwealth Consolidated Acts

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

INCOME TAX ASSESSMENT ACT 1997 - SECT 202.15

Franking entities

    An entity is a franking entity at a particular time if:

  (a)   it is a * corporate tax entity at that time; and

  (b)   it is not a * life insurance company that is a * mutual insurance company at that time; and

  (c)   in a case where the entity is a company that is a trustee of a trust--it is not acting in its capacity as trustee of the trust at that time.


AustLII: Copyright Policy | Disclaimers | Privacy Policy | Feedback