Treasury Laws Amendment (2023 Law Improvement Package No. 1) Act 2023 (76 of 2023)

Schedule 6 Minor and technical amendments

Part 1 Amendments commencing day after Royal Assent

Division 7 Other amendments

Income Tax Assessment Act 1997

32 Section 976-1 (formula)

Repeal the formula, substitute:

Franking credit on the distribution multiplied by Applicable gross-up rate

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