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

84   Company to give dividend statement to shareholders

Section 160AQH of the Principal Act is amended by omitting paragraph (b) and substituting the following paragraph:

"(b) if the dividend is a franked dividend:

(i) the class A franked amount of the dividend or the class B franked amount of the dividend, or both; and

(ii) the amount of the dividend, reduced by the class A franked amount of the dividend and the class B franked amount of the dividend; and

(iii) if the dividend is a class A franked dividend-the amount worked out in relation to the dividend using the formula in subsection 160AQT(1) (whether or not that subsection applies to the dividend); and

(iv) if the dividend is a class B franked dividend-the amount worked out in relation to the dividend using the formula in subsection 160AQT(1AA) (whether or not that subsection applies to the dividend); and

(v) the sum of the amounts mentioned in subparagraphs (iii) and (iv); and

(vi) any amount deducted from the dividend under section 221YL; and".