Commonwealth Consolidated Acts Commonwealth Consolidated Acts(1) Division 207 applies to a * franked distribution made by an * exempting entity to another exempting entity if the distribution gives rise to a * franking credit for the other exempting entity under item 5 or 6 of the table in section 208 - 130.
(2) Division 207 applies to a * franked distribution that is made by an * exempting entity and * flows indirectly to another exempting entity if the distribution gives rise to a * franking credit for that other entity under item 7 of the table in section 208 - 130.