Document ID: chunk:federal_register_of_legislation:C2025C00029:section:9b
Version: federal_register_of_legislation:C2025C00029
Segment Type: section
Provision Reference: s 9B
Character Range: 3487884–3489250

9B                              the entity makes a *distribution to which paragraph 202‑45(k) applies (consideration for cancellation of membership interest as part of selective reduction of capital)                      an amount equal to the debit that would have arisen if:                                                                                                                                                                                                          on the day on which the distribution is made
                                                                                                                                                                                                                             (a) the distribution were a *frankable distribution equal to the one that would have arisen if the entity were not a *listed public company; and
                                                                                                                                                                                                                             (b) the distribution were *franked at the entity's *benchmark franking percentage for the *franking period in which the distribution was made or, if the entity does not have a benchmark franking percentage for the period, at a *franking percentage of 100%