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

22   Section 160APA

Insert:

class C exempted amount , in relation to a dividend, means so much of the dividend as has been franked in accordance with subsection 160AQFA(2).