Commonwealth Consolidated Acts Commonwealth Consolidated ActsThe amount of the * exempting debit arising because of a determination by the Commissioner under paragraph 204 - 30(3)(b) must not exceed:
(a) if the specified * distribution has been * franked with an exempting credit--the difference between the amount of the * exempting credit on the distribution and an amount worked out by multiplying the amount of the distribution by the highest * exempting percentage at which a distribution to a favoured member is franked; or
(b) if the specified distribution, although * frankable, has not been franked with an exempting credit--an amount worked out by multiplying the amount of the distribution by the highest exempting percentage at which a distribution to a favoured member is franked; or
(c) if the specified distribution is * unfrankable--an amount worked out by multiplying the amount of the distribution by the highest exempting percentage at which a distribution to a favoured member is franked; or
(d) if the specified benefit is the issue of bonus shares from a share premium account--an amount worked out by multiplying the amount debited to the share premium account in respect of the bonus shares by the highest exempting percentage at which a distribution to a favoured member is franked; or
(e) if some other benefit is specified--an amount worked out by multiplying the value of the benefit by the highest exempting percentage at which a distribution to a favoured member is franked.