Taxation Laws Amendment Act (No. 3) 1993 (118 of 1993)

Part 4   AMENDMENT OF THE INCOME TAX ASSESSMENT ACT 1936

Division 9   Amendments relating to dividend imputation

Subdivision B   Amendments of the Principal Act

101   Amendment of assessments

Section 160ARN of the Principal Act is amended:

(a) by omitting from subsection (10) "franking surplus" (wherever occurring) and substituting "class A franking surplus or a class B franking surplus";
        

(b) by omitting from subsection (10) "franking account balance" (wherever occurring) and substituting "class A franking account balance or a nil class B franking account balance";
        

(c) by omitting from subsection (10) "a franking deficit" (wherever occurring) and substituting "a class A franking deficit or a class B franking deficit".