Document ID: chunk:federal_register_of_legislation:C2010C00648:clause:10_4
Version: federal_register_of_legislation:C2010C00648
Segment Type: clause
Provision Reference: sch 10 cl 4
Character Range: 195118–196619

4                                the trustee of a trust is the intermediary entity and the trustee or a beneficiary of the trust is the focal entity if:               the amount worked out under column 3 of:                                                                                                     so much of the amount worked out under column 2 of this item as is attributable to the focal entity in this item, having regard to the trust deed and any other relevant circumstances
                                 (a) a *franked distribution *flows indirectly to the trustee as a partner in a partnership or as a beneficiary of another trust; and  (a) item 1 or 2 of this table where the trustee, as a partner, is the focal entity in that item; or
                                 (b) the trustee or beneficiary has, in respect of the trust, a share amount mentioned in subsection 207‑50(3) or (4)                  (b) item 3 or a previous application of this item where the trustee, as a beneficiary, is the focal entity in that item

Note: In item 3 or 4, the trustee of a trust can be both the intermediary entity and the focal entity in the same item.

207‑57  Share of the franking credit on a franked distribution

 (1) An entity's share of a *franking credit on a *franked distribution is an amount notionally allocated to the entity as its share of that credit, whether or not the entity actually receives any of that credit or distribution.

 (2) Work out that amount as follows: