Commonwealth Consolidated Acts

INCOME TAX ASSESSMENT ACT 1997 - SECT 207.30

    This Subdivision applies subject to Subdivisions   207 - D, 207 - E and 207 - F.

Note 1:   Subdivision   207 - D sets out the cases in which the gross - up and tax offset rules in this Subdivision and Subdivision   207 - A will not apply because the franked distribution (or a share of it) would not have been taxed in any case.

Note 2:   Subdivision   207 - E sets out the exceptions to the rules in Subdivision   207 - D.

Note 3:   Subdivision   207 - F sets out the cases in which the gross - up and tax offset rules in this Subdivision and Subdivision   207 - A will not apply because the imputation system has been manipulated in a way that is not permitted under the income tax law.