Treasury Laws Amendment (2018 Measures No. 5) Act 2019 (15 of 2019)
Schedule 1 AMIT technical amendments
Tax Laws Amendment (New Tax System for Managed Investment Trusts) Act 2016
37 After subitem 75(2) of Schedule 5
Insert:
(2A) However, subparagraph (2)(c)(v) does not apply unless the trust's franking account is in surplus immediately before the trust ceases to be a franking entity.