Income Tax Assessment Act 1997
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Hide history noteSECTION 208-90 All frankable distributions made within a franking period must be franked to the same extent with an exempting credit 208-90(1)
If an entity *franks a *distribution with an exempting credit, it must frank each other *frankable distribution made within the same *franking period with an exempting credit worked out at the same *exempting percentage.
208-90(2)
If an entity is not a *former exempting entity for the whole of a *franking period (the longer period ), then, for the purposes of subsection (1), each period within that longer period during which the entity is a former exempting entity is taken to be a franking period .
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