Commonwealth Consolidated Acts

INCOME TAX ASSESSMENT ACT 1997 - SECT 208.220

Generally, a distribution franked with an exempting credit will only generate a tax effect for the recipient under Division   207 if a tax effect would have been generated for the recipient had the recipient received a franked distribution when the distributing entity was an exempting entity.

Table of sections

Operative provisions

208 - 225   Division   207 does not generally apply

208 - 230   Distributions to exempting entities and former exempting entities

208 - 235   Distributions to employees acquiring shares under eligible employee share schemes

208 - 240   Distributions to certain individuals