Commonwealth Consolidated Acts

INCOME TAX ASSESSMENT ACT 1997 - SECT 210.60

  (1)   The amount of the * venture capital credit on a * distribution is that stated in the * distribution statement for the distribution, unless that amount exceeds the * franking credit on the distribution.

  (2)   If the amount of the * venture capital credit stated in the * distribution statement for a * distribution exceeds the * franking credit on the distribution, the amount of the venture capital credit is taken to be the same as the amount of the franking credit, and not the amount stated in the distribution statement.