INCOME TAX ASSESSMENT ACT 1936 (ARCHIVE)

PART IIIAA - FRANKING OF DIVIDENDS  

Division 2 - Franking surplus or deficit  

Subdivision B - General provisions on franking credits  

SECTION 160APMD  

160APMD   PAYMENTS OF TAX MADE AFTER THE FINAL PAYMENT OF TAX  
If, on a particular day:

(a) a company makes a payment of, or on account of, company tax in respect of an eligible year of income; and

(b) that payment is not covered by section 160APM , 160APMAA , 160APMA , 160APMB or 160APMC ;

there arises, on the day on which that payment is made, whichever of the following is applicable:

(c) if the year of income is the 1992-93 year of income or an earlier year of income - a class A franking credit of the company equal to the adjusted amount in relation to the amount of that payment;

(d) if the year of income is the 1993-94 year of income or the 1994-95 year of income - a class B franking credit of the company equal to the adjusted amount in relation to the amount of that payment;

(e) if the year of income is later than the 1994-95 year of income, but earlier than the 2000-01 year of income - a class C franking credit of the company equal to the adjusted amount in relation to the amount of that payment.