Section 203Income Tax Assessment Act 1997 (Cth)

‑1  What this Division is about

Distributions within a particular period must all be franked to the same extent.

Table of sections

203‑5 Benchmark rule

203‑10 Benchmark franking percentage

Operative provisions

203‑15 Object

203‑20 Application of the benchmark rule

203‑25 Benchmark rule

203‑30 Setting a benchmark franking percentage

203‑35 Franking percentage

203‑40 Franking periods—where the entity is not a private company

203‑45 Franking period—private companies

203‑50 Consequences of breaching the benchmark rule

203‑55 Commissioner’s powers to permit a departure from the benchmark rule

Sourced from the Federal Register of Legislation at 25 May 2026. For the latest information on Australian Government law please go to https://www.legislation.gov.au. Verify the current text against the official source before relying on it.

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