Income Tax Assessment Act 1997
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Hide history noteSECTION 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(ii) (Repealed by No 64 of 2020)
(iii) (Repealed by No 64 of 2020)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.
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