Document ID: chunk:federal_register_of_legislation:C2010C00615:clause:3_160aqcncg
Version: federal_register_of_legislation:C2010C00615
Segment Type: clause
Provision Reference: sch 3 cl 160AQCNCG
Character Range: 263893–264628

160AQCNCG  Early balancing life assurance company (2000‑01 year of income)

When franking credits arise under this section

 (1) Franking credits of a life assurance company arise under this section in relation to the 2000‑01 year of income if:
 (a) the company's 2000‑01 year of income starts before 1 July 2000; and
 (b) some of the company tax payable by the company in respect of the 2000‑01 year of income is referable to taxable income derived before 1 July 2000; and
 (c) one of the items in the following table is satisfied:

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