INCOME TAX ASSESSMENT ACT 1936 (ARCHIVE)

PART IIIAA - FRANKING OF DIVIDENDS  

Division 2 - Franking surplus or deficit  

Subdivision C - General provisions on franking debits  

SECTION 160AQC   ESTIMATED DEBIT DETERMINATION  

160AQC(1)   [Class A franking debit arises]  

Where, on a particular day, the Commissioner serves on a company notice of an estimated class A debit determination, there arises on that day a class A franking debit of the company equal to the estimated class A debit specified in the notice.

160AQC(2)   [Class B franking debit arises]  

If, on a particular day, the Commissioner serves on a company notice of an estimated class B debit determination, there arises on that day a class B franking debit of the company equal to the estimated class B debit specified in the notice.

160AQC(3)   [Class C franking debit arises]  

If, on a particular day, the Commissioner serves on a company notice of an estimated class C debit determination, there arises on that day a class C franking debit of the company equal to the estimated class C debit specified in the notice.