Document ID: chunk:federal_register_of_legislation:C2010C00615:clause:3_95
Version: federal_register_of_legislation:C2010C00615
Segment Type: clause
Provision Reference: sch 3 cl 95
Character Range: 292083–292687

95  Subsection 160ATG(1)
Repeal the subsection, substitute:

 (1) This section deals with the situation in which:
 (a) on or after 1 July 2000, a company pays a dividend or a number of dividends under a resolution made before 1 July 2000; and
 (b) before 1 July 2000, the dividend or dividends are declared under section 160AQF to be:
 (i) if the company is not a life assurance company—class C franked; or
 (ii) if the company is a life assurance company—class C franked, class A franked or both class C franked and class A franked; and
 (c) section 160ATF does not apply to the dividend or dividends.