INCOME TAX ASSESSMENT ACT 1936 (ARCHIVE)
If, after a company makes an initial payment of tax referred to in section 160APMA in respect of a year of income and before the day on which the company makes a final payment of tax in respect of that year of income under section 221AZD , the company makes a further payment on account of company tax in respect of that year of income, there arises, on the day on which that further payment is made, whichever of the following is applicable:
(a) if the year of income is the 1992-93 year of income or an earlier year of income - a class A franking credit of the company equal to the adjusted amount in relation to the amount of that further payment;
(b) if the year of income is the 1993-94 year of income or a later year of income - a class B franking credit of the company equal to the adjusted amount in relation to the amount of that further payment.
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