Tax Laws Amendment (2006 Measures No. 3) Act 2006 (80 of 2006)

Schedule 4   Simplified imputation system (share capital tainting rules)

Part 2   Consequential amendments relating to rewritten share capital tainting rules

Division 1   Amendments

Income Tax Assessment Act 1997
6   Subsection 721-10(2) (table item 5)

Repeal the item, substitute:

5

section 197-70 (untainting tax)

the *franking period of the *head company in which the *untainting tax became due and payable