Document ID: chunk:federal_register_of_legislation:C2014C00749:clause:13_15:p9
Version: federal_register_of_legislation:C2014C00749
Segment Type: clause
Provision Reference: sch 13 cl 15 (pt 9/11)
Character Range: 129437–132415

that maximum under section 202‑65.

Subdivision 208‑D—Distribution statements

Guide to Subdivision 208‑D

208‑75  Guide to Subdivision 208‑D
      Former exempting entities and exempting entities that make certain distributions must provide additional information in the distribution statement given to the recipient.

Table of sections

Operative provisions
208‑80 Additional information to be included by a former exempting entity or exempting entity
[This is the end of the Guide.]

Operative provisions

208‑80  Additional information to be included by a former exempting entity or exempting entity
 (1) A *former exempting entity that makes a *distribution *franked with an exempting credit must include in the *distribution statement given to the recipient, a statement that there is an *exempting credit of a specified amount on the distribution.
 (2) An *exempting entity that makes a *frankable distribution to a *member must include in the *distribution statement given to the member, a statement to the effect that members who are *Australian residents are not entitled to a *tax offset or *franking credit as a result of the distribution, except for certain *corporate tax entities, and employees who receive the distribution in connection with certain *employee share schemes.
 (3) If, under subsection (1) or (2), a statement must be included in a *distribution statement, the distribution statement is taken not to have been given unless the statement is included.

Subdivision 208‑E—Distributions to be franked with exempting credits to the same extent

Guide to Subdivision 208‑E

208‑85  What this Subdivision is about
      All frankable distributions made within a franking period must be franked to the same extent with an exempting credit.

Table of sections

Operative provisions
208‑90 All frankable distributions made within a franking period must be franked to the same extent with an exempting credit
208‑95 Exempting percentage
208‑100 Consequences of breaching the rule in section 208‑90
[This is the end of the Guide.]

Operative provisions

208‑90  All frankable distributions made within a franking period must be franked to the same extent with an exempting credit
 (1) If an entity *franks a *distribution with an exempting credit, it must frank each other *frankable distribution made within the same *franking period with an exempting credit worked out at the same *exempting percentage.
 (2) If an entity is not a *former exempting entity for the whole of a *franking period (the longer period), then, for the purposes of subsection (1), each period within that longer period during which the entity is a former exempting entity is taken to be a franking period.

208‑95  Exempting percentage
  The exempting percentage for a *frankable distribution is worked out using the formula:

208‑100  Consequences of breaching the rule in section 208‑90
  If an entity *franks a *distribution with an exempting credit in breach of section 208‑90: