New Business Tax System (Consolidation, Value Shifting, Demergers and Other Measures) Act 2002 (90 of 2002)
Schedule 13 Exempting entities and former exempting entities
Income Tax Assessment Act 1997
28 Subsection 995-1(1) (at the end of the definition of flows indirectly)
Add:
; and (c) section 208-175 sets out the circumstances in which a*distribution*franked with an exempting credit flows indirectly to an entity.
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