Document ID: chunk:federal_register_of_legislation:C2025C00029:section:11:p41
Version: federal_register_of_legislation:C2025C00029
Segment Type: section
Provision Reference: s 11 (pt 41/64)
Character Range: 3403211–3406268

Subdivision
Tax treatment of gains and losses from financial arrangements
250‑205 Gains are assessable and losses deductible
250‑210 Gain or loss to be taken into account only once under this Act
Method to be applied to take account of gain or loss
250‑215 Methods for taking gain or loss into account
General rules
250‑220 Consistency in working out gains or losses (integrity measure)
250‑225 Rights and obligations include contingent rights and obligations
The accruals method
250‑230 Application of accruals method
250‑235 Overview of the accruals method
250‑240 Applying accruals method to work out period over which gain or loss is to be spread
250‑245 How gain or loss is spread
250‑250 Allocating gain or loss to income years
250‑255 When to re‑estimate
250‑260 Re‑estimation if balancing adjustment on partial disposal
Balancing adjustment
250‑265 When balancing adjustment made
250‑270 Exception for subsidiary member leaving consolidated group
250‑275 Balancing adjustment
Other provisions
250‑280 Financial arrangement received or provided as consideration
Subdivision 250‑F—Treatment of asset when Division ceases to apply to the asset
250‑285 Treatment of asset after Division ceases to apply to the asset
250‑290 Balancing adjustment under Subdivision 40‑D in some circumstances
Subdivision 250‑G—Objections against determinations and decisions by the Commissioner
250‑295 Objections against determinations and decisions by the Commissioner
Division 253—Financial claims scheme for account‑holders with insolvent ADIs
Subdivision 253‑A—Tax treatment of entitlements under financial claims scheme
Guide to Subdivision 253‑A
253‑1 What this Subdivision is about
Operative provisions
253‑5 Payment of entitlement under financial claims scheme treated as payment from ADI
253‑10 Disposal of rights against ADI to APRA and meeting of financial claims scheme entitlement have no CGT effects
253‑15 Cost base of financial claims scheme entitlement and any remaining part of account that gave rise to entitlement

Chapter 3—Specialist liability rules

Part 3‑6—The imputation system

Division 200—Guide to Part 3‑6

Guide to Division 200

200‑1  What this Division is about
      This Division provides an overview of the imputation system.

Table of sections
200‑5 The imputation system
200‑10 Franking a distribution
200‑15 The franking account
200‑20 How a distribution is franked
200‑25 A corporate tax entity must not give its members credit for more tax than the entity has paid
200‑30 Benchmark rule
200‑35 Effect of receiving a franked distribution
200‑40 An Australian corporate tax entity can pass the benefit of having received a franked distribution on to its members
200‑45 Special rules for franking by some entities

200‑5  The imputation system
  The *imputation system partially integrates the income tax liabilities of an Australian corporate tax entity and its members by:
 (a) allowing the entity, when distributing profits to its members, to pass to those members credit for income tax paid by the entity on those profits; and