‑1 Objects
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.
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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