Income Tax Assessment Act 1997

CHAPTER 3 - SPECIALIST LIABILITY RULES  

PART 3-6 - THE IMPUTATION SYSTEM  

Division 210 - Venture capital franking  

Subdivision 210-E - Distribution statements  

Operative provisions

SECTION 210-70   Additional information to be included when a distribution is franked with a venture capital credit  

210-70(1)    
A *participating PDF that makes a *distribution *franked with a venture capital credit must include in the *distribution statement given to the recipient:

(a) a statement that there is a *venture capital credit of a specified amount on the distribution; and

(b) a statement to the effect that the venture capital credit is only relevant for a taxpayer who is:

(i) the trustee of an entity that is a complying superannuation entity in relation to the income year in which the distribution is made and is not a *self managed superannuation fund; or

(ii) (Repealed by No 64 of 2020)

(iii) (Repealed by No 64 of 2020)

(iv) a *life insurance company.

210-70(2)    
If, under subsection (1), a statement must be included in a *distribution statement, the distribution statement is taken not to have been given unless the statement is included.