INCOME TAX ASSESSMENT ACT 1936 (ARCHIVE)

PART IIIAA - FRANKING OF DIVIDENDS  

Division 7A - Application of Part in relation to trusts that are treated as companies  

Subdivision B - Modification of rules regarding franking credits and franking debits  

SECTION 160ARDE  

160ARDE   FRANKING CREDIT WHERE FRANKED DIVIDENDS RECEIVED  
In applying section 160APP to a dividend paid to the trustee of a corporate trust estate, the requirement in paragraph (1)(b) of that section is to be replaced by a requirement that the corporate trust estate is a current corporate trust in relation to the year of income of the corporate trust estate in which the dividend is paid.