INCOME TAX ASSESSMENT ACT 1936 (ARCHIVE)

S 46AA(2) repealed by No 16 of 2003, s 3 and Sch 29 item 5, effective 29 June 2002. S 46AA(2) formerly read:

46AA(2)
The franked part of a dividend paid after 30 June 2002 is that part of the dividend that is equal to the amount worked out using the following formula:

where:

corporate tax rate
has the same meaning as in the Income Tax Assessment Act 1997.

franking credit on the dividend
means the amount of the franking credit on the dividend, worked out under Subdivision 202-D of the Income Tax Assessment Act 1997 .

S 46AA inserted by No 117 of 2002, s 3 and Sch 16 item 1, effective 24 October 2002.