INCOME TAX ASSESSMENT ACT 1936 (ARCHIVE)
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Hide history noteIf a company receives a refund in relation to which a class A deficit deferral amount arises (see subsection 160AQJA(2) ) on a particular day, a class A franking credit of the company equal to the adjusted amount in relation to the class A deficit deferral tax payable in relation to the refund (see subsection 160AQJA(3) ) arises on that day.
160APMAB(2) Class B deficit deferral amount.If a company receives a refund in relation to which a class B deficit deferral amount arises (see subsection 160AQJB(2) ) on a particular day, a class B franking credit of the company equal to the adjusted amount in relation to the class B deficit deferral tax payable in relation to the refund (see subsection 160AQJB(3) ) arises on that day.
160APMAB(3) [Class C deficit deferral amount]If a company receives a refund, or a PAYG instalment variation credit arises, in relation to which a class C deficit deferral amount arises (see subsection 160AQJC(2) ) on a particular day, a class C franking credit of the company equal to the adjusted amount in relation to the class C deficit deferral tax payable in relation to the refund or PAYG instalment variation credit (see subsection 160AQJC(3) ) arises on that day.
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