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Taxation Administration Act 1953
12‑165 Exception for fully franked divid12‑165 Exception for fully franked dividend
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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%.