Commonwealth Consolidated Acts

INCOME TAX ASSESSMENT ACT 1997 - SECT 204.26

This Subdivision prevents the streaming of imputation benefits to one member of a corporate tax entity in preference to another by either imposing a franking debit or denying an imputation benefit where there is streaming.

Table of sections

Operative provisions

204 - 30   Streaming distributions

204 - 35   When does a franking debit arise if the Commissioner makes a determination under paragraph   204 - 30(3)(a)

204 - 40   Amount of the franking debit

204 - 41   Amount of the exempting debit

204 - 45   Effect of a determination about distributions to favoured members

204 - 50   Assessment and notice of determination

204 - 55   Right to review where a determination made