INCOME TAX ASSESSMENT ACT 1936 (ARCHIVE)
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Hide history noteIf, on a particular day, a company pays a PAYG instalment in respect of a year of income, there arises on that day a class C franking credit of the company.
160APME(2) [Amount]The class C franking credit is equal to the adjusted amount in relation to the amount of the instalment paid.
160APME(3) [No application if life assurance company]This section does not apply if the company is a life assurance company.
Note:
For the treatment of life assurance companies, see sections 160APVJ to 160APVL.
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