Document ID: chunk:federal_register_of_legislation:C2010C00615:clause:3_160aqcnch
Version: federal_register_of_legislation:C2010C00615
Segment Type: clause
Provision Reference: sch 3 cl 160AQCNCH
Character Range: 268944–269643

160AQCNCH  Late balancing life assurance company (refunds and amended assessments for 1999‑2000 year of income)

When franking debits and credits arise under this section

 (1) Franking debits and credits of a life assurance company arise under this section if:
 (a) the company's 1999‑2000 year of income ends on or after 1 July 2000; and
 (b) some of the company tax payable by the company in respect of that year of income is referable to taxable income derived on or after 1 July 2000; and
 (c) one of the items in the following table is satisfied:

Circumstances in which this section applies
Item                                         General description      This item is satisfied if ...