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 C   Application and transitional provisions

108   Interpretation

In this Subdivision:

"amended Act" means the Principal Act as amended by this Division;

"1993-94 franking year", in relation to a company, means the franking year of the company immediately preceding the company's 1994-95 franking year;

"1994-95 franking year", in relation to a company, means:

(a) if a franking year of the company:
        

(i) is covered by paragraph (a) of the definition of "franking year" in section 160APA of the Principal Act; and
        

(ii) begins after 31 December 1993 and before 1 July 1994;
        

that franking year; or

(b) if a franking year of the company:
        

(i) is covered by paragraph (b) of that definition; and
        

(ii) begins after 31 December 1993 and before 1 July 1994;
        

that franking year; or

(c) if a franking year of the company:
        

(i) is covered by paragraph (c) of that definition; and
        

(ii) begins on 1 July 1994;
        

that franking year.