Taxation Laws Amendment Act (No. 4) 1994 (181 of 1994)
Schedule 1 AMENDMENTS OF THE INCOME TAX ASSESSMENT ACT 1936
Part 3 DIVIDEND IMPUTATION
22 Object
The object of this Part is:
(a) to amend the provisions of Part IIIAA (the dividend imputation provisions) of the Income Tax Assessment Act 1936 to take account of the revised company tax instalment system; and
(b) to ensure, through the introduction of deficit deferral tax, that the amended provisions can not be used to defer franking deficit tax; and
(c) to make a transitional amendment that is consequential upon the change in the general company tax rate from 39% to 33%.
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