Commonwealth Consolidated Acts

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FUTURE FUND ACT 2006 - SECT 30

Refund of franking credits

                   If:

                     (a)  the Board receives a refund of a tax offset under the Income Tax Assessment Act 1997 ; and

                     (b)  the tax offset is attributable to an investment of the Fund;

the refund is to be credited to the Fund Account.

Note 1:       See also section 84B.

Note 2:       For refunds of tax offsets, see Division 63 of the Income Tax Assessment Act 1997 .



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