INCOME TAX ASSESSMENT ACT 1936 (ARCHIVE)
The class A franking surplus of a company at a particular time in a franking year is the amount by which the total of the class A franking credits of the company arising in the franking year and before that time exceeds the total of the class A franking debits of the company arising in the franking year and before that time.
The class B franking surplus of a company at a particular time in a franking year is the amount by which the total of the class B franking credits of the company arising in the franking year and before that time exceeds the total of the class B franking debits of the company arising in the franking year and before that time.
The class C franking surplus of a company at a particular time in a franking year is the amount by which the total of the class C franking credits of the company arising in the franking year and before that time exceeds the total of the class C franking debits of the company arising in the franking year and before that time.
The class A franking deficit of a company at a particular time in a franking year is the amount by which the total of the class A franking debits of the company arising in the franking year and before that time exceeds the total of the class A franking credits of the company arising in the franking year and before that time.
The class B franking deficit of a company at a particular time in a franking year is the amount by which the total of the class B franking debits of the company arising in the franking year and before that time exceeds the total of the class B franking credits of the company arising in the franking year and before that time.
The class C franking deficit of a company at a particular time in a franking year is the amount by which the total of the class C franking debits of the company arising in the franking year and before that time exceeds the total of the class C franking credits of the company arising in the franking year and before that time.
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