INCOME TAX ASSESSMENT ACT 1936 (ARCHIVE)

PART IIIAA - FRANKING OF DIVIDENDS  

Division 2A - Exempting companies and former exempting companies  

SECTION 160AQCNE   PAYMENT OF EXEMPTED DIVIDENDS BY FORMER EXEMPTING COMPANIES  

160AQCNE(1)   [Class A exempted dividend]  

If, on a particular day, a former exempting company pays a class A exempted dividend, there arises on that day a class A exempting debit of the company equal to the amount that, except for subsection 160AQFA(4) , would be the class A exempted amount of the dividend.

160AQCNE(2)   [Class C exempted dividend]  

If, on a particular day, a former exempting company pays a class C exempted dividend, there arises on that day a class C exempting debit of the company equal to the amount that, except for subsection 160AQFA(4) , would be the class C exempted amount of the dividend.