New Business Tax System (Consolidation and Other Measures) Act 2003 (16 of 2003)

Schedule 1   Consolidation: amendments of various cost base provisions

Part 2   Consequential amendments relating to simplified imputation system

Income Tax Assessment Act 1997

6   Paragraph 705-90(6)(a)

Omit ", if they had been distributed as dividends at the joining time, could have been so franked", substitute "satisfy the requirements of subsection (3)".