Income Tax Assessment Act 1997
The objects of this Division are to ensure that:
(a) an entity and its *members cannot avoid the effect of the *benchmark rule by exploiting the *benchmark franking percentage of another entity; and
(b) an entity does not stream *franked distributions and *tax-exempt bonus shares; and
(c) an entity does not stream *distributions to members of the entity who *derive a *greater benefit from franking credits than other members.
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