Commonwealth Consolidated Acts Commonwealth Consolidated ActsGenerally, a franked distribution from an exempting entity will only generate a tax effect for the recipient under Division 207 if the recipient is also an exempting entity.
A concession is made to employees of the entity who receive a franked distribution because they hold shares acquired under an eligible employee share scheme.
Table of sections
Operative provisions
208 - 195 Division 207 does not generally apply
208 - 200 Distributions to exempting entities
208 - 205 Distributions to employees acquiring shares under eligible employee share schemes
208 - 215 Eligible employee share schemes