Section 215 — Income Tax Assessment Act 1997 (Cth)

(1) The *imputation system applies to a *non‑share equity interest in the same way as it applies to a *membership interest.

(2) The *imputation system applies to an equity holder in an entity who is not a member of the entity in the same way as it applies to a member of the entity.

Related sections

• s 208 — ‑5  What is an exempting entity?
• s 210 — ‑1  Purpose of venture capital franking
• s 214 — ‑1  Purpose of the system
• s 216 — ‑1  When a distribution made to a member of a corporate tax entity is treated as having been made to someone else
• s 218 — ‑5  Application of imputation rules to co‑operative companies
• s 219 — ‑1  What this Division is about

Research how courts apply s 215

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