Taxation Laws Amendment Act (No. 8) 2003 (107 of 2003)

Schedule 7   Tax offset arising from franking deficit tax liability

Part 3   Consequential amendments

Taxation Administration Act 1953

21   Section 45-375 in Schedule 1 (after paragraph (a) of step 1 of the method statement)

Insert:

(aa) section 205-70 of the Income Tax Assessment Act 1997 (for liabilities to pay *franking deficit tax); or