Document ID: chunk:federal_register_of_legislation:C2004A00986:clause:1_160auc
Version: federal_register_of_legislation:C2004A00986
Segment Type: clause
Provision Reference: sch 1 cl 160AUC
Character Range: 28432–29713

160AUC  Special treatment of some franking credits and debits arising on or after 1 July 2001

 (1) If:
 (a) any of the events specified in the event column of the following table occurs in relation to a company on or after 1 July 2001; and
 (b) the event:
 (i) is not a franking credit or debit arising under this Division; and
 (ii) is not a franking credit arising under section 160APL (carry forward of surplus from previous franking year) or 160ASEE (carry forward of venture capital sub‑account surplus from previous franking year); and
 (iii) is not a franking debit arising under section 160APX (under‑franking of a dividend), 160AQB (payment of a franked dividend), 160AQCB, 160AQCBA, 160AQCNA or 160AQCNB (dividend streaming or franking credit trading arrangements), 160AQCC (on‑market share buy back arrangements) or 160AQCNC (private company distributions treated as dividends);
the adjustments specified in the adjustments column for that item are made to the company's franking accounts:

Certain credits and debits arising on or after 1 July 2001
Item                                                        Event                                                                                                                                              Adjustments