INCOME TAX ASSESSMENT ACT 1936 (ARCHIVE)
Where, on a particular day, a company pays a class A franked dividend, there arises on that day a class A franking debit of the company equal to the class A franked amount of the dividend.
If, on a particular day, a company pays a class B franked dividend, there arises on that day a class B franking debit of the company equal to the class B franked amount of the dividend.
If, on a particular day, a company pays a class C franked dividend, there arises on that day a class C franking debit of the company equal to the class C franked amount of the dividend.
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