Treasury Laws Amendment (Enterprise Tax Plan) Act 2017 (41 of 2017)
Schedule 4 Main consequential amendments relating to imputation
Part 1 Amendments commencing 1 July 2016
Income Tax Assessment Act 1997
3 Subsection 197-45(2)
Insert:
applicable gross-up rate means the company's *corporate tax gross-up rate for the income year in which the franking debit arises.
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