Document ID: chunk:federal_register_of_legislation:C2010C00615:clause:3_160aqcncf
Version: federal_register_of_legislation:C2010C00615
Segment Type: clause
Provision Reference: sch 3 cl 160AQCNCF
Character Range: 257560–258315

160AQCNCF  Late balancing life assurance company (1999‑2000 year of income)

When franking credits and debits arise under this section

 (1) Franking debits and credits of a life assurance company arise under this section in relation to the 1999‑2000 year of income if:
 (a) the company's 1999‑2000 year of income ends on or after 1 July 2000; and
 (b) some of the company tax payable by the company in respect of that year of income is attributable to taxable income derived on or after 1 July 2000; and
 (c) one of the items in the following table is satisfied:

Circumstances in which this section applies
                                             General description                                                   This item is satisfied if ...