Tax Laws Amendment (2009 Measures No. 4) Act 2009 (88 of 2009)
Schedule 3 Demutualisation of friendly society health or life insurers
Part 2 Related amendments
Income Tax Assessment Act 1997
20 Subsection 205-15(1) (at the end of the table)
Add:
|
6 |
a*franking credit arises under section 316-275 for the*friendly society or one of its*wholly-owned subsidiaries because the society or subsidiary*receives a refund of income tax |
the amount of the debit specified in subsection 316-275(3) |
at the time provided by subsection 316-275(4) |