Income Tax Assessment Act 1997

CHAPTER 3 - SPECIALIST LIABILITY RULES  

PART 3-6 - THE IMPUTATION SYSTEM  

Division 210 - Venture capital franking  

Subdivision 210-A - Franking a distribution with a venture capital credit  

Operative provisions

SECTION 210-30  

210-30   Franking a distribution with a venture capital credit  

An entity franks a * distribution with a venture capital credit if:

(a) the entity is a * participating PDF at the time the distribution is made; and

(b) the distribution is * frankable with a venture capital credit; and

(c) the entity allocates a * venture capital credit to the distribution.