Income Tax Assessment Act 1997
CHAPTER 3 - SPECIALIST LIABILITY RULES PART 3-6 - THE IMPUTATION SYSTEM
Division 208 - Exempting entities and former exempting entities
Subdivision 208-B - Franking with an exempting credit
SECTION 208-55 What this Subdivision is about
If a former exempting entity makes a distribution in circumstances where it could be franked, the entity can frank the distribution with an exempting credit.