Taxation Laws Amendment Act (No. 4) 1994 (181 of 1994)

Schedule 1   AMENDMENTS OF THE INCOME TAX ASSESSMENT ACT 1936

Part 3   DIVIDEND IMPUTATION

70   After sub-subparagraph 160ARZD(1)(c)(ii)(B)

Insert:

"(C) if the shortfall is a class A deficit deferral tax shortfall - the class A deficit deferral tax that would have been payable by the company in relation to that refund if the tax were assessed on the basis of the company's return under section 160AREA in relation to that refund;

(D) if the shortfall is a class B deficit deferral tax shortfall - the class B deficit deferral tax that would have been payable by the company in relation to that refund if the tax were assessed on the basis of the company's return under section 160AREA in relation to that refund; and".