Document ID: chunk:federal_register_of_legislation:C2010C00691:body:0:p15
Version: federal_register_of_legislation:C2010C00691
Segment Type: other
Provision Reference: 
Character Range: 35475–38315

surplus calculated under subsection
160APJ(1);
  'class A potential rebate amount' means an amount that would be a potential
rebate amount if:
  (a) each reference in the definition of 'potential rebate amount' to a
franked dividend were, by express provision, confined to a class A franked
dividend; and
  (b) each reference in that definition to a flow-on franking amount were, by
express provision, confined to a class A flow-on franking amount; and
  (c) each reference in that definition to a potential rebate amount were, by
express provision, confined to a class A potential rebate amount;
  'class B flow-on franking amount' means an amount that would be a flow-on
franking amount if:
  (a) a reference in the definition of 'flow-on franking amount' to a franked
dividend were, by express provision, confined to a class B franked dividend;
and
  (b) a reference in that definition to the flow-on franking amount were, by
express provision, confined to a class B flow-on franking amount;
  'class B franked amount', in relation to a dividend, means so much of the
dividend as has been franked in accordance with subsection 160AQF(1AA);
  'class B franked dividend' means a dividend the whole or a part of which has
been franked in accordance with subsection 160AQF(1AA);
  'class B franking account assessment' means the ascertainment of the class B
franking account balance and of any class B franking deficit tax payable;
  'class B franking account balance', in relation to a company, means:
  (a) if the company has a class B franking surplus-the amount of that
surplus; or
  (b) if the company has a class B franking deficit-the amount of that
deficit; or
  (c) in any other case-nil;
  'class B franking deficit' means a deficit calculated under subsection
160APJ(3);
  'class B franking deficit tax' means tax payable in accordance with
subsection 160AQJ(1A);
  'class B franking percentage' means:
  (a) in relation to a class B franked dividend-the percentage specified in
the declaration made under subsection 160AQF(1AA) in relation to the dividend;
or
  (b) in relation to a dividend (including a dividend that is not a frankable
dividend) no part of which has been franked in accordance with subsection
160AQF(1AA)-0%;
  'class B franking surplus' means a surplus calculated under subsection
160APJ(1A);
  'class B potential rebate amount' means an amount that would be a potential
rebate amount if:
  (a) each reference in the definition of 'potential rebate amount' to a
franked dividend were, by express provision, confined to a class B franked
dividend; and
  (b) each reference in that definition to a flow-on franking amount were, by
express provision, confined to a class B flow-on franking amount; and
  (c) each reference in that definition to a potential rebate amount were, by
express provision, confined to a