Document ID: chunk:federal_register_of_legislation:C2010C00691:body:0:p49
Version: federal_register_of_legislation:C2010C00691
Segment Type: other
Provision Reference: 
Character Range: 119252–121996

to the estimated debit occurs after the
beginning of the company's 1994-95 franking year;
section 160APU of the amended Act has effect as if the estimated debit were an
estimated class A debit.
  (4) If:
  (a) after the beginning of a company's 1994-95 franking year, the
Commissioner serves on the company a notice of an estimated class A debit
determination that is in substitution for an earlier determination; and
  (b) the earlier determination was served on the company before the beginning
of the company's 1994-95 franking year; and
  (c) a franking debit of the company arose because of the earlier
determination;
section 160APV of the amended Act has effect as if:
  (d) a class A franking debit had arisen because of the earlier
determination; and
  (e) the amount of that class A franking debit were equal to the amount of
the franking debit mentioned in paragraph (c).

TAXATION LAWS AMENDMENT ACT (No. 3) 1993No. 118, 1993
- SECT 113
Transitional-reversing entries in class A franking account etc.

  113.(1) This section applies to each of the following provisions of the
amended Act:
  (a) section 160APVF;
  (b) section 160APVG;
  (c) section 160APXA;
  (d) section 160AQCA;
  (e) section 160AQCM.
  (2) The provision has effect as if a franking credit or franking debit of a
company arising before the company's 1994-95 franking year were a class A
franking credit of the company or a class A franking debit of the company, as
the case requires.

Division 10 - Amendments relating to tax concessions for grape growing

TAXATION LAWS AMENDMENT ACT (No. 3) 1993No. 118, 1993
- SECT 114
Object of Division

  114. The object of this Division is to allow deductions for capital
expenditure incurred in establishing grape vines for use in a business of
primary production.

TAXATION LAWS AMENDMENT ACT (No. 3) 1993No. 118, 1993
- SECT 115
Insertion of new section

  115. After section 75A of the Principal Act the following section is
inserted:
Deduction for capital expenditure incurred in establishing grape vines
Deduction for qualifying expenditure
  "75AA.(1) If:
  (a) there is an amount of qualifying expenditure in respect of the
establishment of a grape vine; and
  (b) at any time during a year of income, a taxpayer was the owner of the
vine and used it in a business of primary production for the purpose of
gaining or producing assessable income;
the amount worked out using the formula set out in subsection (2) is allowable
as a deduction to the taxpayer for the year of income.
Subsection (1) formula
  "(2) The formula mentioned in subsection (1) is:
  0.25  X  Qualifying days in year of income  X  Qualifying expenditure
                 Days in year of income
where:
  'Qualifying days in year of income' means