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Australia Consulting on Integrity Measure to Prevent Distribution of Franking Credits Funded by Capital Raising

|Proposed Changes|Australia
Australia

The Australian Treasury has launched a public consultation on draft legislation for the introduction of an integrity measure to prevent the distribution of franking credits funded by capital raising. The deadline for comment is 5 October 2022

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Franked distributions and capital raising

As part of the 2016 17 Mid Year Economic and Fiscal Outlook, an integrity measure was announced to prevent the distribution of franking credits where a distribution to shareholders is funded by particula…

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