Document ID: chunk:federal_register_of_legislation:C2025C00029:section:5:p9
Version: federal_register_of_legislation:C2025C00029
Segment Type: section
Provision Reference: s 5 (pt 9/13)
Character Range: 3672043–3674980

conditions are set out in this Subdivision.

Table of sections

Operative provisions
210‑30 Franking a distribution with a venture capital credit

Operative provisions

210‑30  Franking a distribution with a venture capital credit
  An entity franks a *distribution with a venture capital credit if:
 (a) the entity is a *participating PDF at the time the distribution is made; and
 (b) the distribution is *frankable with a venture capital credit; and
 (c) the entity allocates a *venture capital credit to the distribution.

Subdivision 210‑B—Participating PDFs

Guide to Subdivision 210‑B

210‑35  What this Subdivision is about
      A PDF may participate if it elects to keep a record of its venture capital sub‑account.

Table of sections

Operative provisions
210‑40 What is a participating PDF

Operative provisions

210‑40  What is a participating PDF
  A *PDF is a participating PDF at a particular time if it keeps a record of its *venture capital sub‑account at that time.

Subdivision 210‑C—Distributions that are frankable with a venture capital credit

Guide to Subdivision 210‑C

210‑45  What this Subdivision is about
      A distribution can only be franked with a venture capital credit if all members of the PDF receive distributions in proportion to their holdings.

Table of sections

Operative provisions
210‑50 Which distributions can be franked with a venture capital credit?

Operative provisions

210‑50  Which distributions can be franked with a venture capital credit?
  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.

Subdivision 210‑D—Amount of the venture capital credit on a distribution

Guide to Subdivision 210‑D

210‑55  What this Subdivision is about

      The amount of the venture capital credit on a distribution is that stated in the distribution statement, unless the amount exceeds the franking credit on the distribution.
      In that case, the amount of the venture capital credit on the distribution is taken to be the same as the franking credit.

Table of sections

Operative provisions
210‑60 Amount of the venture capital credit on a distribution

Operative provisions

210‑60  Amount of the venture capital credit on a distribution
 (1) The amount of the *venture capital credit on a *distribution is that stated in the *distribution statement for the distribution, unless that amount exceeds the *franking credit on the distribution.
 (2) If the amount of the *venture capital credit stated in the *distribution statement for a *distribution exceeds the *franking credit on the distribution, the amount of the venture capital credit is taken to be the same as