Commonwealth Numbered Acts

TAXATION LAWS AMENDMENT ACT 1994No. 56, 1994 - SECT 49

49. The amendment made by subsection 48(1), (2) or (3) applies in relation to
a franking year of a company if, and only if:

   (a)  all of the following are the case:

        (i)    14 December 1993 fell during that franking year;

        (ii)   the franked amount, class A franked amount, or class B franked
               amount, as the case requires, of a dividend paid, during that
               franking year, to a shareholder in the company exceeded the
               required franking amount, class A required franking amount, or
               class B required franking amount, as the case may be, for that
               dividend;

        (iii)  the declaration under section 160AQF of the Principal Act that
               relates to the dividend mentioned in subparagraph (ii) of this
               paragraph was made after 14 December 1993; or

   (b)  that franking year began after 14 December 1993.