New Business Tax System (Consolidation and Other Measures) Act 2003 (16 of 2003)
Schedule 5 Consolidation: imputation rules
Income Tax Assessment Act 1936
1 At the end of section 177EB
Add:
Section to apply to exempting credits
(11) This section applies to exempting credits arising in the exempting account of the head company of a consolidated group in the same way that it applies to credits arising in the head company's franking account.
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