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 203
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Benchmark rule
SECTION 203-10
Benchmark franking percentage
203-10(1)
The benchmark franking percentage for an entity is set by reference to the franking percentage for the first frankable distribution made by the entity during the relevant period.
203-10(2)
An entity has a benchmark franking percentage, even if it is not subject to the benchmark rule.
View history note
Hide history noteThe benchmark franking percentage for an entity is set by reference to the franking percentage for the first frankable distribution made by the entity during the relevant period.
203-10(2)
An entity has a benchmark franking percentage, even if it is not subject to the benchmark rule.
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