Simplified imputation - franking a distribution
This fact sheet explains the manner in which a distribution may be franked. Franking a distribution is the way in which a corporate tax entity passes on to a member, credits for tax that it has paid.
It should be noted at this point that the rules applying to private companies are different in some aspects to those applying to other franking entities. The differences and the reasons for them are explained later in the fact sheet.
This fact sheet also contains links to other fact sheets in the series on imputation.