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
34 Subsection 995-1(1) (definition of surplus )
Repeal the definition, substitute:
surplus :
(a) section 205-40 sets out when a*franking account is in surplus; and
(b) section 208-125 sets out when an*exempting account is in surplus.
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