Tax Laws Amendment (2004 Measures No. 1) Act 2004 (95 of 2004)
Schedule 9 Deductions for dividends on-paid to non-resident owners
Income Tax Assessment Act 1936
4 Subsection 46FA(11) (definition of fully-franked dividend )
Repeal the definition, substitute:
fully-franked dividend means a dividend whose franking percentage (within the meaning of section 203-35 of the Income Tax Assessment Act 1997) is 100%.
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