INCOME TAX ASSESSMENT ACT 1936 (ARCHIVE)
[ CCH Note: The heading to Subdiv BA, and s 160APVAA, were inserted immediately before Subdiv C, as specified by No 89 of 2000, s 3 and Sch 3 item 63.]
(a) the amount paid; or
(b) if the amount paid was calculated under subsection 5(2) of the Venture Capital Deficit Tax Act - the amount worked out using the formula:
|Amount paid ×||
The credit under subsection (1) is reduced by the amount (if any) of the class C franking deficit at the end of the franking year.