INCOME TAX ASSESSMENT ACT 1936 (ARCHIVE)
View history note
Hide history noteA declaration that is made before a company's class C conversion time in relation to a dividend, or dividends, paid by the company where the beginning of the reckoning day for at least one of the dividends is after that time may, despite subsection 160AQF(2) , be varied, before the reckoning day, to take account of the introduction of class C franking credits and debits.
160ASN(2) [More than one dividend paid](a) a company pays more than one dividend under a resolution; and
(b) the beginning of the reckoning day for at least one of the dividends is before the class C conversion time for the company; and
(c) the beginning of the reckoning day for at least one of the dividends is after the class C conversion time for the company; and
(d) the franked amount of each of the dividends covered by paragraph (b) is substantially similar (taking into account the different classes of franking credits) to the franked amount of each of the dividends covered by paragraph (c);
the company is taken, for the purposes of subparagraphs 160AQF(1)(c)(ii), (1AA)(c)(ii) and (1AAA)(c)(ii) to have specified the same percentage for each of the dividends to which the resolution relates.
Disclaimer and notice of copyright applicable to materials provided by CCH Australia Limited
CCH Australia Limited ("CCH") believes that all information which it has provided in this site is accurate and reliable, but gives no warranty of accuracy or reliability of such information to the reader or any third party. The information provided by CCH is not legal or professional advice. To the extent permitted by law, no responsibility for damages or loss arising in any way out of or in connection with or incidental to any errors or omissions in any information provided is accepted by CCH or by persons involved in the preparation and provision of the information, whether arising from negligence or otherwise, from the use of or results obtained from information supplied by CCH.
The information provided by CCH includes history notes and other value-added features which are subject to CCH copyright. No CCH material may be copied, reproduced, republished, uploaded, posted, transmitted, or distributed in any way, except that you may download one copy for your personal use only, provided you keep intact all copyright and other proprietary notices. In particular, the reproduction of any part of the information for sale or incorporation in any product intended for sale is prohibited without CCH's prior consent.
