INCOME TAX ASSESSMENT ACT 1936 (ARCHIVE)
View history note
Hide history noteThis section deals with the situation in which:
(a) subsection 160AQE(3) is applied to work out the provisional required franking amount for a dividend (the current dividend ) paid on or after 1 July 2001; and
(b) the earlier franked dividend referred to in that subsection was paid before 1 July 2001. 160AUG(2) Effect on required franking amount.
The component EFA in the formula in subsection 160AQE(3) is worked out using the following formula:
| Class C franked amount × |
34
66 |
× |
70
30 |
where:
class C franked amount
is the amount that is the class C franked amount of the earlier dividend.
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