Taxation Ruling

TR 2012/5ER1

Income tax: section 254T of the Corporations Act 2001 and the assessment and franking of dividends paid from 28 June 2010

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Erratum

This Erratum is a public ruling for the purposes of the Taxation Administration Act 1953. It corrects Taxation Ruling TR 2012/5 to correct typographical errors in the tables in Example 4 and Example 6 and a subject reference in the Ruling.

TR 2012/5 is corrected as follows:

1. Paragraph 74

Omit '30'; substitute '130'.

2. Paragraph 81

After 'Net assets' in the table omit '100'; substitute '130'.

3. Subject References

Omit:

- unfranked dividends distribution

Insert:

- unfranked dividends

This Erratum applies on and from 27 June 2012.

Commissioner of Taxation
11 July 2012

References

ATO references:
NO 1-3O2H8Q2

Subject References:
accounts
accumulated tax losses
Capital Gains Tax
company
corporations
distribution
dividend
frankable distribution
frankable dividends
franking
loss
net asset
prior year losses
profits
share capital
share capital account
unfrankable distribution
unfranked dividends distribution