Commonwealth Consolidated Acts Commonwealth Consolidated Acts(1) If an entity * franks a * distribution with an exempting credit, it must frank each other * frankable distribution made within the same * franking period with an exempting credit worked out at the same * exempting percentage.
(2) If an entity is not a * former exempting entity for the whole of a * franking period (the longer period ), then, for the purposes of subsection (1), each period within that longer period during which the entity is a former exempting entity is taken to be a franking period .