INCOME TAX ASSESSMENT ACT 1936 (ARCHIVE)
PART IIIAA
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FRANKING OF DIVIDENDS
Division 1AA
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Interpretative provisions relating to exempting companies and former exempting companies
SECTION 160APHBA
160APHBA
EXEMPTING COMPANIES
A company is taken to be, or to have been, an exempting company at a particular time if:
(a) that time is, or was, as the case may be, a time later than 7.30 pm by legal time in the Australian Capital Territory on 13 May 1997; and
(b) at that time the company is or was, as the case may be, effectively owned by prescribed persons.
View history note
Hide history noteA company is taken to be, or to have been, an exempting company at a particular time if:
(a) that time is, or was, as the case may be, a time later than 7.30 pm by legal time in the Australian Capital Territory on 13 May 1997; and
(b) at that time the company is or was, as the case may be, effectively owned by prescribed persons.
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