Taxation Laws Amendment Act (No. 8) 2003 (107 of 2003)
Schedule 7 Tax offset arising from franking deficit tax liability
Part 1 Amendment of the Income Tax Assessment Act 1997
6 At the end of subsection 219-50(1)
Add:
Note: The operation of this section is affected by section 219-75 if a tax offset under section 205-70 is applied to work out the company's income tax liability.
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