Taxation Laws Amendment Act (No. 3) 1998 (47 of 1998)

Schedule 7   Franking of dividends and other distributions

Part 1   Income Tax Assessment Act 1936 (streaming of dividends or other benefits)

1   Subsection 46F(2)

Omit all the words from and including “in respect of”, substitute:

in respect of:

(a) the unfranked part of a dividend paid to the shareholder in the year of income; or

(b) any part of a dividend, paid to the shareholder in the year of income, in respect of which a determination is made under paragraph 160AQCBA(3)(b).