Income Tax Assessment Act 1997
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Hide history noteSECTION 208-230 208-230 Distributions to exempting entities and former exempting entities
Division 207 applies to a *distribution *franked with an exempting credit by a *former exempting entity as if it were a *franked distribution if:
(a) the recipient of the distribution is a former exempting entity and the distribution gives rise to an *exempting credit for the recipient; or
(b) the recipient of the distribution is an *exempting entity and the distribution gives rise to a *franking credit for the recipient; or
(c) the distribution *flows indirectly to a former exempting entity and gives rise to an exempting credit for that entity; or
(d) the distribution flows indirectly to an exempting entity and gives rise to a franking credit for that entity.
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