CTHIn ForceAct
Taxation Administration Act 1953
12‑165 Exception for fully franked divid12‑165 Exception for fully franked dividend
Start here
Get a plain-English read of 12‑165 Exception for fully franked divid
Turn the raw legal text into a practical explanation grounded in Taxation Administration Act 1953.
#### 12‑165 Exception for fully franked dividend
Section 12‑140 does not require an amount to be withheld if:
(a) the investment consists of \*shares in a public company (as defined in section 202A of the Income Tax Assessment Act 1936); and
(b) the payment is a \*distribution that has been franked in accordance with section 202‑5 of the Income Tax Assessment Act 1997; and
(c) the \*franking percentage for the distribution is 100%.