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
80 Statements given by company to shareholders before 2 April 1998
A company is not liable to a penalty under section 160ARY merely because:
(a) the company gave to a shareholder before 2 April 1998 a dividend statement that complied with section 160AQH of theIncome Tax Assessment Act 1936 as in force at the time when the statement was given; or
(b) the company gave to a shareholder before that date a dividend statement that the Commissioner is satisfied reasonably complied with section 160AQH of theIncome Tax Assessment Act 1936 as amended by this Schedule.
Copyright notice
© Australian Taxation Office for the Commonwealth of Australia
You are free to copy, adapt, modify, transmit and distribute material on this website as you wish (but not in any way that suggests the ATO or the Commonwealth endorses you or any of your services or products).
