Income Tax Assessment Act 1997
CHAPTER 3
-
SPECIALIST LIABILITY RULES
PART 3-6
-
THE IMPUTATION SYSTEM
Division 200
-
Guide to Part 3-6
SECTION 200-30
Benchmark rule
200-30(1)
All frankable distributions made within a particular period must be franked to the same extent. This is the benchmark rule.
200-30(2)
It is designed to ensure that one member of a corporate tax entity is not preferred over another by the manner in which distributions are franked.
View history note
Hide history noteAll frankable distributions made within a particular period must be franked to the same extent. This is the benchmark rule.
200-30(2)
It is designed to ensure that one member of a corporate tax entity is not preferred over another by the manner in which distributions are franked.
This information is provided by CCH Australia Limited Link opens in new window. View the disclaimer and notice of copyright.