Cherrie is a resident individual. She receives the following amounts from her various investments during the year.

$2,000 Fully franked dividend from a resident public company with an imputation credit of $800. $3,000 Unfranked dividend from a non-resident company.

$5,000 Unfranked dividend from a resident private company.

$7,000 Fully franked dividend from a resident private company with an imputation credit of $3,000 Required: State what amounts would be included in Cherries assessable income and whether any franking rebates would be available to her.

Required: Briefly explain the difference between the general and specific anti-avoidance provisions. show working note with calculation..