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

58   Paragraph 160AQH(c)

Repeal the paragraph, substitute:

(c) if the dividend is an exempted dividend - the exempted amount of the dividend; and

(d) if the company is not a former exempting company and the dividend is a franked dividend - the amount of the dividend that is not a franked amount; and

(e) if the company is a former exempting company and the dividend is a franked dividend or an exempted dividend or both - the amount of the dividend that is neither a franked amount nor an exempted amount; and

(f) in any case - such other information in relation to the dividend as is required by the approved form to be set out.