Taxation Laws Amendment Act (No. 3) 1993 (118 of 1993)

Part 4   AMENDMENT OF THE INCOME TAX ASSESSMENT ACT 1936

Division 9   Amendments relating to dividend imputation

Subdivision B   Amendments of the Principal Act

86   Entitlement to offset

Section 160AQK of the Principal Act is amended:

(a) by omitting from paragraph (1)(a) "franking deficit tax" and substituting "class A franking deficit tax or class B franking deficit tax, or both,";
            

(b) by omitting from paragraph (1)(c) "amount of the franking deficit tax" and substituting "sum of the class A franking deficit tax and the class B franking deficit tax".