New Business Tax System (Consolidation, Value Shifting, Demergers and Other Measures) Act 2002 (90 of 2002)
Schedule 13 Exempting entities and former exempting entities
Income Tax Assessment Act 1997
2 Subsection 204-30(4)
Repeal the subsection, substitute:
(4) The Commissioner may:
(a) specify the*franking debit under paragraph (3)(a) by specifying the*franking percentage to be used in working out the amount of the debit; and
(b) specify the*exempting debit under paragraph (3)(b) by specifying the*exempting percentage to be used in working out the amount of the debit.
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