Commonwealth Consolidated Acts

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INCOME TAX ASSESSMENT ACT 1997 - SECT 207.57

Share of the franking credit on a franked distribution

  (1)   An entity's share of a * franking credit on a * franked distribution is an amount notionally allocated to the entity as its share of that credit, whether or not the entity actually receives any of that credit or distribution.

  (2)   Work out that amount as follows:

Start formula Amount of the *franking credit on the *franked distribution times start fraction Entity's *share of the *franked distribution over Amount of the *franked distribution end fraction end formula


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