Taxation Laws Amendment Act (No. 2) 1999 (93 of 1999)

Schedule 5   Franking of dividends by exempting companies and former exempting companies

Income Tax Assessment Act 1936

10   Paragraph 128B(3)(ga)

Repeal the paragraph, substitute:

(ga) income that consists of so much of a dividend as has been franked in accordance with section 160AQF or 160AQFA (other than a dividend in respect of which a determination is made under paragraph 160AQCBA(3)(b) or a dividend or a part of a dividend in respect of which a determination is made under paragraph 177EA(5)(b)); or