Tax Laws Amendment (2011 Measures No. 2) Act 2011 (41 of 2011)

Schedule 5  

Part 21   Removal of definition from imputation provisions

Income Tax Assessment Act 1997

150   Subsection 204-80(1)

Omit “If the *benchmark franking percentage for an entity for a *franking period (the current franking period ) *differs significantly from the benchmark franking percentage for the entity for the last franking period in which a *frankable distribution was made (the last relevant franking period ), the”, substitute “The”.