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
104 Penalty for failure to lodge return
Section 160ARZ of the Principal Act is amended by omitting all the words after "double" and substituting the following words and paragraphs:
"the sum of:
(a) the class A franking deficit tax (if any) payable by the company for the franking year; and
(b) the class B franking deficit tax (if any) payable by the company for the franking year.".
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