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Edited version of private advice
Authorisation Number: 1051852014657
Date of advice: 16 June 2021
Ruling
Subject: Frankable distribution
The taxpayer asked whether a dividend being paid was a frankable distribution for the purposes of section 202-40 of the Income Tax Assessment Act 1997 (ITAA 1997). The Commissioner ruled that the dividend was frankable under section 202-40 of the ITAA 1997.