Income Tax Assessment Act 1997

CHAPTER 3 - SPECIALIST LIABILITY RULES  

PART 3-6 - THE IMPUTATION SYSTEM  

Division 210 - Venture capital franking  

Subdivision 210-H - Effect of receiving a distribution franked with a venture capital credit  

Operative provisions

SECTION 210-180  

210-180   Application of Division 207 where the recipient is entitled to a tax offset under section 210-170  

If the recipient of a *distribution *franked with a venture capital credit is entitled to a *tax offset under section 210-170 , Division 207 does not apply to that *part of the distribution that is venture capital franked.