INCOME TAX ASSESSMENT ACT 1936 (ARCHIVE)
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Hide history note(a) a company is a party to a scheme to which section 45B applies; and
(b) the Commissioner makes a determination under subsection 45C(3) in respect of the whole or a part of a capital benefit provided by the company under the scheme;
a franking debit of the company will arise under section 45C .
160AQCNQ(2) [Calculating franking debit]The amount of the franking debit is worked out under paragraph 45C(3)(b) and subsection 45C(5) .
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