Document ID: chunk:federal_register_of_legislation:C2010C00499:clause:11_160aqcnda
Version: federal_register_of_legislation:C2010C00499
Segment Type: clause
Provision Reference: sch 11 cl 160AQCNDA
Character Range: 142574–143097

160AQCNDA  Carry forward of exempting surplus

 (1) If a former exempting company has a class A exempting surplus at the end of a franking year, there arises at the beginning of the next franking year a class A exempting credit of the company equal to that class A exempting surplus.

 (2) If a former exempting company has a class C exempting surplus at the end of a franking year, there arises at the beginning of the next franking year a class C exempting credit of the company equal to that class C exempting surplus.