Treasury Laws Amendment (2023 Law Improvement Package No. 1) Act 2023 (76 of 2023)
Schedule 6 Minor and technical amendments
Part 1 Amendments commencing day after Royal Assent
Division 7 Other amendments
Income Tax Assessment Act 1997
32 Section 976-1 (formula)
Repeal the formula, substitute:
Franking credit on the distribution multiplied by Applicable gross-up rate