Income Tax Assessment Act 1997

CHAPTER 3 - SPECIALIST LIABILITY RULES  

PART 3-6 - THE IMPUTATION SYSTEM  

Division 202 - Franking a distribution  

Subdivision 202-E - Distribution statements  

Operative provisions

SECTION 202-80   Distribution statement  

202-80(1)    
A distribution statement is a statement made in accordance with this section.

202-80(2)    
The statement must be in the *approved form.

202-80(3)    
The statement must:

(a) identify the entity making the distribution; and

(b) state the date on which the distribution is made; and

(c) state the amount of the distribution; and

(d) state that there is a *franking credit of an amount specified on the distribution; and

(e) state the *franking percentage for the distribution; and

(f) state the amount of any *withholding tax that has been deducted from the distribution by the entity; and

(g) include any other information required by the *approved form that is relevant to imputation generally or the distribution.

Note:

Under the Taxation Administration Act 1953 it is an offence to fail to give a statement required under this Subdivision, or make a misleading statement in connection with a distribution (whether franked or not).