Commonwealth Numbered Acts

TAXATION LAWS AMENDMENT ACT (No. 2) 1987No. 62, 1987 - SECT 39

39. Section 160APX of the Principal Act is amended by adding at the end the
following subsection:

"(2) If the declaration made in relation to the dividend for the purposes of
section 160AQF specifies a percentage for the purposes of subsection
160AQF(1A), the dividend shall be taken for the purposes of subsection (1) of
this section to be a franked dividend to the extent of the percentage so
specified.".