INCOME TAX ASSESSMENT ACT 1997 - SECT 210.81 Distributions to be franked with venture capital credits to the same extent

Commonwealth Consolidated Acts

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INCOME TAX ASSESSMENT ACT 1997 - SECT 210.81

Distributions to be franked with venture capital credits to the same extent

(1) If a * PDF * franks a * distribution with a venture capital credit, it must frank each other distribution made under the same resolution with a venture capital credit worked out using the same venture capital percentage.

(2) The venture capital percentage for a * distribution is worked out using the formula:

$Start formula start fraction Amount of the *venture capital credit on the distribution over Maximum franking credit for the distribution end fraction times 100 end formula$

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