INCOME TAX ASSESSMENT ACT 1936 (ARCHIVE)

PART IIIAA - FRANKING OF DIVIDENDS  

Division 11 - Additional tax by way of penalty  

SECTION 160ARZG  

160ARZG   CERTAIN AMOUNTS NOT SHORTFALL BECAUSE OF ADVICE ETC.  
If:

(a) apart from this section, a company has a franking tax shortfall for a franking year or a refund; and

(b) the shortfall or part of it was caused by the company, in a taxation statement, treating a franking tax law as applying in a particular way; and

(c) that way agrees with:

(i) advice given to the company by a taxation officer; or

(ii) a general administrative practice under this Act;

the shortfall is not a franking tax shortfall, or the part is not part of a franking tax shortfall, for the purposes of section 160ARZA , 160ARZB , 160ARZC or 160ARZD .