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

113   Transitional-reversing entries in class A franking account etc.

 

(1) This section applies to each of the following provisions of the amended Act:
        

(a) section 160APVF;
        

(b) section 160APVG;
        

(c) section 160APXA;
        

(d) section 160AQCA;
        

(e) section 160AQCM.
        

      

(2) The provision has effect as if a franking credit or franking debit of a company arising before the company's 1994-95 franking year were a class A franking credit of the company or a class A franking debit of the company, as the case requires.