The Australian Taxation Office (ATO) is consulting on draft Practical Compliance Guideline (PCG) 2024/D4, Capital raised for the purpose of funding franked distributions - ATO compliance approach. The deadline for comments is 31 January 2025. --- What this draft Guideline is about 1. This draft Guideline outlines where we are likely to have cause to apply our compliance resources in relation to the integrity measure in section 207-159 of the Income Tax Assessment Act 1997. It sets out the framework we use to assess the level of risk that this provision applies to deny franking credits attached to a distribution....