INCOME TAX ASSESSMENT ACT 1936 (ARCHIVE)
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Hide history note(a) a trustee is liable to be assessed under subsection 98(3) on a trust amount; and
(b) there is a class A flow-on franking amount in relation to the trust amount;
the trust amount shall be reduced by so much of the class A potential rebate amount in relation to the trust amount as does not exceed the trust amount.
(a) a trustee is liable to be assessed under subsection 98(3) on a trust amount; and
(b) there is a class B flow-on franking amount in relation to the trust amount;
the trust amount is to be reduced by so much of the class B potential rebate amount in relation to the trust amount as does not exceed the trust amount.
(a) a trustee is liable to be assessed under subsection 98(3) on a trust amount; and
(b) there is a class C flow-on franking amount in relation to the trust amount;
the trust amount is to be reduced by so much of the class C potential rebate amount in relation to the trust amount as does not exceed the trust amount.
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