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

56   Paragraph 160AQH(a)

Repeal the paragraph, substitute:

(a) if the company is not a former exempting company and the dividend is not a franked dividend - a declaration to that effect; and

(aa) if the company is a former exempting company and the dividend is neither a franked dividend nor an exempted dividend - a declaration to that effect; and