Document ID: chunk:federal_register_of_legislation:C2010C00691:body:0:p48
Version: federal_register_of_legislation:C2010C00691
Segment Type: other
Provision Reference: 
Character Range: 116687–119484

Act, not
to be a class B franking credit arising at the beginning of the 1994-95
franking year of the company; and
    (ii) so much of each of those class B franking credits as remains
after subtracting the proportional franking credit is taken, for the purposes
of Part IIIAA of the amended Act, to arise at the beginning of the 1994-95
franking year of the company.
  (4) A reference in this section to Part IIIAA of the amended Act does not
include a reference to section 160AR of the amended Act.

TAXATION LAWS AMENDMENT ACT (No. 3) 1993No. 118, 1993
- SECT 112
Transitional-estimated debit determinations etc.

  112.(1) If:
  (a) an application was made by a company under subsection 160AQD(1) of the
Principal Act before the beginning of the company's 1994-95 franking year;
and
  (b) at the end of the company's 1993-94 franking year, the Commissioner had
neither:
    (i) served notice of an estimated debit determination on the
company; nor
    (ii) refused to make an estimated debit determination;
then:
  (c) the application has effect, after the beginning of the company's 1994-95
franking year, as if it were an application under subsection 160AQD(1) of the
amended Act; and
  (d) if the application was covered by paragraph 160AQD(1)(c) of the
Principal Act-the application has effect as if it were an application for the
determination of an estimated class A debit in relation to the liability
reduction action or in relation to the payment of the initial payment of tax;
and
  (e) if the application was covered by paragraph 160AQD(1)(d) of the
Principal Act-the application has effect as if:
    (i) the earlier determination were an estimated class A debit
determination;  and
    (ii) the application were an application for the determination of an
estimated class A debit in substitution for that earlier determination.
  (2) If:
  (a) before the beginning of a company's 1994-95 franking year, the
Commissioner served notice of an estimated debit determination on the company;
and
  (b) the company makes an application under subsection 160AQD(1) of the
amended Act for the determination of an estimated class A debit in
substitution for the first-mentioned determination;
Part IIIAA of the amended Act has effect, in relation to the application, as
if the first-mentioned determination had been an estimated class A debit
determination.
  (3) If:
  (a) before the beginning of a company's 1994-95 franking year, the
Commissioner serves on the company a notice of an estimated debit
determination; and
  (b) the termination time in relation 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