Taxation Laws Amendment Act (No. 8) 2003 (107 of 2003)

Schedule 7   Tax offset arising from franking deficit tax liability

Part 3   Consequential amendments

Income Tax Assessment Act 1997

18   Application

The amendments made by items 13 to 17 apply in relation to an entity's assessments for the first income year (within the meaning of section 205-75 of the Income Tax (Transitional Provisions) Act 1997) and later income years.