Income Tax Assessment Act 1997

CHAPTER 3 - SPECIALIST LIABILITY RULES  

PART 3-6 - THE IMPUTATION SYSTEM  

Division 202 - Franking a distribution  

Subdivision 202-B - Who can frank a distribution?  

Operative provisions

SECTION 202-15   202-15   Franking entities  


An entity is a franking entity at a particular time if:


(a) it is a *corporate tax entity at that time; and


(b) it is not a *life insurance company that is a *mutual insurance company at that time; and


(c) in a case where the entity is a company that is a trustee of a trust - it is not acting in its capacity as trustee of the trust at that time.


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