Income Tax Assessment Act 1997

CHAPTER 3 - SPECIALIST LIABILITY RULES  

PART 3-6 - THE IMPUTATION SYSTEM  

Division 210 - Venture capital franking  

Subdivision 210-C - Distributions that are frankable with a venture capital credit  

Operative provisions

SECTION 210-50  

210-50   Which distributions can be franked with a venture capital credit?  

A *distribution by a *participating PDF is frankable with a venture capital credit if:

(a) the distribution is a *franked distribution; and

(b) the distribution is made under a resolution under which:

(i) distributions are made to all members of the PDF; and

(ii) the amount of the distribution per *membership interest is the same for each of those distributions.