INCOME TAX ASSESSMENT ACT 1936 (ARCHIVE)

PART IIIAA - FRANKING OF DIVIDENDS  

Division 5 - Franking of dividends  

Subdivision C - Franking deficit tax and deficit deferral tax to offset company tax  

SECTION 160AQR  

160AQR   RECOVERY OF EXCESS OFFSETS  
Where, because of an amendment of an offset determination, the amount, or the sum of the amounts, applied by the Commissioner as an offset to which a company is entitled exceeds the amount of the offset to which the company is entitled, the Commissioner may recover the amount of the excess as if it were company tax due and payable by the company.