From www.pitcher.com.au: PCG 2024/D4 outlines the ATO’s compliance approach to section 207-159, which makes specific corporate distributions funded by equity issuances unfrankable, effective from November 2023.

A submission was made to the ATO requesting binding technical interpretations and more examples to guide private companies in applying this provision, particularly concerning non-tax-based arrangements.

The article emphasises the need for clarity and low-risk scenarios to assist businesses in navigating the new tax compliance landscape.