Commonwealth Consolidated Acts Commonwealth Consolidated Acts(1) The main object of this Part is to allow certain * corporate tax entities to pass to their * members the benefit of having paid income tax on the profits underlying certain * distributions.
(2) The other objects of this Part are to ensure that:
(a) the imputation system is not used to give the benefit of income tax paid by a * corporate tax entity to * members who do not have a sufficient economic interest in the entity; and
(b) the imputation system is not used to prefer some members over others when passing on the benefits of having paid income tax; and
(c) the * membership of a corporate tax entity is not manipulated to create either of the outcomes mentioned in paragraphs (a) and (b).