Commonwealth Numbered Acts

TAXATION LAWS AMENDMENT ACT (No. 3) 1993No. 118, 1993 - SECT 109

109.(1) The amendments made by paragraphs 40(c), (d) and (f), and the
amendments of Division 2 of Part IIIAA of the Principal Act made by this
Division, apply in relation to franking credits and franking debits of a
company arising in the company's 1994-95 franking year and each later franking
year.

(2) The amendments of Division 3 of Part IIIAA of the Principal Act made by
this Division apply in relation to an application for the determination of an
estimated debit, if the application is made after the beginning of the
applicant's 1994-95 franking year.

(3) The amendments made by paragraph 40(a), and the amendments of Subdivisions
B and C of Division 5, Division 8 and Division 11 of Part IIIAA of the
Principal Act made by this Division, apply in relation to a company's 1994-95
franking year and each later franking year.

(4) The amendments made by paragraph 40(b), and the amendments of Division 4,
Subdivision A of Division 5 and Divisions 6 and 7 of Part IIIAA and section
221YHZC of the Principal Act made by this Division, apply in relation to
dividends paid to a shareholder in a company during the company's 1994-95
franking year and each later franking year.

(5) The amendments of Division 12 of Part IIIAA of the Principal Act made by
this Division apply in relation to a company's franking account balance for
the company's 1994-95 franking year and each later franking year.