Commonwealth Consolidated Acts

INCOME TAX ASSESSMENT ACT 1997 - SECT 709.90

    Part   3 - 6 operates as if a * frankable distribution made by a * subsidiary member of a * consolidated group (the foreign - held subsidiary ) were a frankable distribution made by the * head company of the group to a * member of the head company if:

  (a)   the foreign - held subsidiary meets the set of requirements in section   703 - 45, section   701C - 10 of the Income Tax (Transitional Provisions) Act 1997 or section   701C - 15 of that Act; and

  (b)   the frankable distribution is made to a foreign resident.

Note:   Part   3 - 6 deals with imputation.