Income Tax Assessment Act 1997
CHAPTER 3
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SPECIALIST LIABILITY RULES
PART 3-6
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THE IMPUTATION SYSTEM
Division 202
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Franking a distribution
Subdivision 202-B
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Who can frank a distribution?
Operative provisions
SECTION 202-15 202-15 Franking entities
An entity is a franking entity at a particular time if:
(a) it is a *corporate tax entity at that time; and
(b) it is not a *life insurance company that is a *mutual insurance company at that time; and
(c) in a case where the entity is a company that is a trustee of a trust - it is not acting in its capacity as trustee of the trust at that time.
View history note
Hide history noteSECTION 202-15 202-15 Franking entities
An entity is a franking entity at a particular time if:
(a) it is a *corporate tax entity at that time; and
(b) it is not a *life insurance company that is a *mutual insurance company at that time; and
(c) in a case where the entity is a company that is a trustee of a trust - it is not acting in its capacity as trustee of the trust at that time.
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