Income Tax Assessment Act 1997
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Hide history noteSECTION 204-80 Commissioner may require information where the Commissioner suspects streaming 204-80(1)
The Commissioner may request the entity to give the Commissioner the following information:
(a) the entity ' s reasons for setting a benchmark franking percentage for the current franking period that differs significantly from the benchmark franking percentage for the last relevant franking period; and
(b) the *franking percentages for all *frankable distributions made in the current franking period and the last relevant franking period; and
(c) details of any other benefits given to the entity ' s *members, either by the entity or an *associate of the entity, during the period beginning at the beginning of the last relevant franking period and ending at the end of the current franking period; and
(d) whether any member of the entity has *derived, or will derive, a *greater benefit from franking credits than another member of the entity as a result of the variation in the benchmark franking percentage between the current franking period and the last relevant franking period; and
(e) any other information required by the *approved form that is relevant in determining whether the entity is streaming *distributions.
204-80(2)
The entity must comply with the Commissioner ' s request.
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