INCOME TAX ASSESSMENT ACT 1936 (ARCHIVE)

PART IIIAA - FRANKING OF DIVIDENDS  

Division 12A - Venture capital franking  

Subdivision C - Venture capital credits and debits  

SECTION 160ASEE   160ASEE   VENTURE CAPITAL CREDIT - CARRY FORWARD OF VENTURE CAPITAL SUB-ACCOUNT SURPLUS  
If a PDF has a venture capital sub-account surplus at the end of a franking year, there arises at the beginning of the next franking year a venture capital credit of the PDF equal to that venture capital sub-account surplus.


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