Tax Laws Amendment (2004 Measures No. 6) Act 2005 (23 of 2005)

Schedule 3   Simplified Imputation System

Part 2   Miscellaneous consequential and technical amendments

Income Tax Assessment Act 1936

36   Subsection 109Y(2) (subparagraph (b)(i) of the definition of repayments of non-commercial loans )

Omit "to the extent that the dividend has not been franked under section 160AQF", substitute "to the extent of the unfranked part of the dividend".