Question 7 - Franking, dividend distribution, benchmark rule Blackstore Ltd - a base rate entity, made three frankable

[answerhappygod]

Question 7 - Franking, dividend distribution, benchmark rule
Blackstore Ltd - a base rate entity, made three frankable distributions during the 201W/201X franking period as follows:
$200,000 which is franked to 60%
$240,000 which is franked to 50%, and
$280,000 which is franked to 80%.
Required
Advise Blackstore Ltd of the tax consequences (if any) for breaching the benchmark franking rule during the 201W/201X franking period. Ensure you state the specific legislation, cases and tax rulings where appropriate to support your calculations and your answer