INCOME TAX ASSESSMENT ACT 1936 (ARCHIVE)

PART IIIAA - FRANKING OF DIVIDENDS  

Division 2 - Franking surplus or deficit  

Subdivision B - General provisions on franking credits  

SECTION 160APU   LAPSING OF ESTIMATED DEBIT  

160APU(1)   [Class A franking credit arises]  

On the day on which the termination time in relation to an estimated class A debit of a company occurs, there arises a class A franking credit of the company equal to the estimated class A debit.

160APU(2)   [Class B franking credit arises]  

On the day on which the termination time in relation to an estimated class B debit of a company occurs, there arises a class B franking credit of the company equal to the estimated class B debit.

160APU(3)   [Class C franking credit arises]  

On the day on which the termination time in relation to an estimated class C debit of a company occurs, there arises a class C franking credit of the company equal to the estimated class C debit.