Commonwealth Numbered Acts

TAXATION LAWS AMENDMENT ACT (No. 3) 1993No. 118, 1993 - SECT 49

49. Section 160APQA of the Principal Act is amended by omitting all the
words after "on that day" and substituting the following words and paragraphs:

"whichever of the following is applicable:

   (c)  if the offset relates to company tax for the 1992-93 year of income or
        an earlier year of income-a class A franking credit of the company
        equal to the adjusted amount in relation to the amount of the payment;

   (d)  if the offset relates to company tax for the 1993-94 year of income or
        a later year of income-a class B franking credit of the company equal
        to the adjusted amount in relation to the amount of the payment.".