Section 976 — Income Tax Assessment Act 1997 (Cth)

‑1 Franked part of a distribution

The franked part of a *distribution is an amount worked out using the formula:

where:

applicable gross‑up rate means the *corporate tax gross‑up rate of the entity making the distribution for the income year in which the distribution is made.

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.

Related sections

s 961 — ‑1 What this Subdivision is about
s 974 — ‑1 What this Division is about
s 975 — ‑150 Position to affect rights in relation to a company
s 977 — ‑5 Realisation event
s 980 — ‑1 What this Division is about
s 995 — ‑1 Definitions

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