Division 5 - Franking of dividends  

Subdivision C - Franking deficit tax and deficit deferral tax to offset company tax  


160AQKB(1)   [Commissioner's determination]  

Where a company makes a claim for an offset (whether in a return of income of a year of income or otherwise), the Commissioner may, for the purpose of determining whether an offset is allowable to the company and, if the Commissioner determines that an offset is allowable, for the purpose of determining the amount of the offset, accept, in whole or in part, any statement in the claim that is relevant to the determination.

160AQKB(2)   [Question relevant to determination]  

Despite subsection (1), where, in a document furnished with a claim for an offset, a question is raised that is relevant to the determination of the claim, the Commissioner must give attention to that question.

160AQKB(3)   [Determination of objection]  

In deciding whether a determination of a claim for an offset is correct, any determination, opinion or judgment of the Commissioner made, held or formed in connection with the consideration of an objection against the determination of the claim is deemed to have been made, held or formed when the determination of the offset was made.


Disclaimer and notice of copyright applicable to materials provided by CCH Australia Limited

CCH Australia Limited ("CCH") believes that all information which it has provided in this site is accurate and reliable, but gives no warranty of accuracy or reliability of such information to the reader or any third party. The information provided by CCH is not legal or professional advice. To the extent permitted by law, no responsibility for damages or loss arising in any way out of or in connection with or incidental to any errors or omissions in any information provided is accepted by CCH or by persons involved in the preparation and provision of the information, whether arising from negligence or otherwise, from the use of or results obtained from information supplied by CCH.

The information provided by CCH includes history notes and other value-added features which are subject to CCH copyright. No CCH material may be copied, reproduced, republished, uploaded, posted, transmitted, or distributed in any way, except that you may download one copy for your personal use only, provided you keep intact all copyright and other proprietary notices. In particular, the reproduction of any part of the information for sale or incorporation in any product intended for sale is prohibited without CCH's prior consent.