Need help with e)!

Context: Regal Estate Ltd (REGAL) owns and operates a major real estate agency in Sydney. REGAL manages rental properties for owners of investment properties. REGAL usually charges a specified commission as a percentage of rent for these property management services. REGAL also sells properties for owners and conducts auctions for sellers. REGAL also usually charges a specified commission for these services. The company accountant Arthur is in the process of preparing the income tax return for the company for the 2021/22 income year, and seeks your advice on the following matters:

e) During the 2021/22 income year, REGAL made three frankable distributions. The first distribution ($1 million) is franked at 50%, the second distribution ($2million) is franked at 70%, and the third distribution ($1 million) is franked at 40%. (Assume a corporate tax rate for imputation purposes of 30%).

Advise REGAL and Arthur regarding the income tax implications arising from the above facts in relation to the 2021/22 income year. In your answer make sure you refer to any relevant cases, legislative provisions, tax rulings and principles of tax law.