Tax Laws Amendment (2004 Measures No. 1) Act 2004 (95 of 2004)
Schedule 9 Deductions for dividends on-paid to non-resident owners
Income Tax Assessment Act 1936
4 Subsection 46FA(11) (definition of fully-franked dividend )
Repeal the definition, substitute:
fully-franked dividend means a dividend whose franking percentage (within the meaning of section 203-35 of the Income Tax Assessment Act 1997) is 100%.
© Australian Taxation Office for the Commonwealth of Australia
You are free to copy, adapt, modify, transmit and distribute material on this website as you wish (but not in any way that suggests the ATO or the Commonwealth endorses you or any of your services or products).