INCOME TAX ASSESSMENT ACT 1936 (ARCHIVE)

PART IIIAA - FRANKING OF DIVIDENDS  

Division 7B - Tainted share capital accounts  

Subdivision C - Life assurance companies  

SECTION 160ARDX   160ARDX   CONSEQUENCES OF ELECTION TO UNTAINT - FRANKING DEBIT  
If a company elects to untaint its share capital account under section 160ARDW :


(a) a class A franking debit of the company arises on the day of the election equal to the amount of the class A franking debit specified in the election; and


(b) a class C franking debit of the company arises on the day of the election equal to the amount of the class C franking debit specified in the election.


View surrounding sectionsView surrounding sectionsBack to top


This information is provided by CCH Australia Limited Link opens in new window. View the disclaimer and notice of copyright.