Commonwealth Consolidated Acts Commonwealth Consolidated ActsThe amount of the franking credit on a distribution is that stated in the distribution statement, unless the amount stated exceeds the maximum franking credit for the distribution.
In that case, the amount of the franking credit on the distribution is taken to be the maximum franking credit for the distribution, worked out under this Subdivision.
Table of sections
202 - 55 What is the maximum franking credit for a frankable distribution?
Operative provisions
202 - 60 Amount of the franking credit on a distribution
202 - 65 Where the franking credit stated in the distribution statement exceeds the maximum franking credit for the distribution