Commonwealth Consolidated Acts

INCOME TAX ASSESSMENT ACT 1997 - SECT 210.50

    A * distribution by a * participating PDF is frankable with a venture capital credit if:

  (a)   the distribution is a * franked distribution; and

  (b)   the distribution is made under a resolution under which:

  (i)   distributions are made to all members of the PDF; and

  (ii)   the amount of the distribution per * membership interest is the same for each of those distributions.