Income Tax Assessment Act 1997

CHAPTER 3 - SPECIALIST LIABILITY RULES  

PART 3-6 - THE IMPUTATION SYSTEM  

Division 216 - Cum dividend sales and securities lending arrangements  

Subdivision 216-A - Circumstances where a distribution to a member of a corporate tax entity is treated as having been made to someone else  

SECTION 216-1  

216-1   When a distribution made to a member of a corporate tax entity is treated as having been made to someone else  

There are 2 situations in which a *franked distribution, or a distribution *franked with an exempting credit, that is made to a *member of a *corporate tax entity is taken to have been made to another entity.