Income Tax Assessment Act 1997
CHAPTER 3
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SPECIALIST LIABILITY RULES
PART 3-6
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THE IMPUTATION SYSTEM
Division 202
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Franking a distribution
Subdivision 202-D
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Amount of the franking credit on a distribution
Guide to Subdivision 202-D
SECTION 202-50 What this Subdivision is about
View history note
Hide history noteSECTION 202-50 What this Subdivision is about
The amount of the franking credit on a distribution is that stated in the distribution statement, unless the amount stated exceeds the maximum franking credit for the distribution.
In that case, the amount of the franking credit on the distribution is taken to be the maximum franking credit for the distribution, worked out under this Subdivision.
| 202-55 | What is the maximum franking credit for a frankable distribution? |
| Operative provisions | |
| 202-60 | Amount of the franking credit on a distribution |
| 202-65 | Where the franking credit stated in the distribution statement exceeds the maximum franking credit for the distribution |
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