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Thomas v Commissioner of Taxation [2017] FCAFC 57

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TAXATION - franking credits - consideration of the construction and operation of Division 207 ('Effect of receiving a franked distribution") of Part 3-6 ('The Imputation System') of the Income Tax Assessment Act 1997 (Cth) - whether trust resolutions effective to achieve franking credit distributions to beneficiaries of trust - share of franking credit distributions notionally allocated to beneficiaries of trust

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