Commonwealth Consolidated Acts

INCOME TAX ASSESSMENT ACT 1997 - SECT 204.1

                   The objects of this Division are to ensure that:

                     (a)  an entity and its * members cannot avoid the effect of the * benchmark rule by exploiting the * benchmark franking percentage of another entity; and

                     (b)  an entity does not stream * franked distributions and * tax-exempt bonus shares; and

                     (c)  an entity does not stream * distributions to members of the entity who * derive a * greater benefit from franking credits than other members.