New Business Tax System (Consolidation and Other Measures) Act 2003 (16 of 2003)

Schedule 27   Venture capital franking

Income Tax Assessment Act 1997

2   At the end of section 204-30


(10) A *member of an entity derives a greater benefit from franking credits than another member if the first member is entitled to a *tax offset under section 210-170 as a result of the *distribution, and the other member is not.