Document ID: chunk:federal_register_of_legislation:C2010C00691:body:0:p30
Version: federal_register_of_legislation:C2010C00691
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of this section;
  (d) if the year of income is the 1993-94 year of income or a later year of
income-a class B franking debit of the company worked out under subsection (4)
of this section.";
  (e) by omitting from subsection (4) "0.8" and substituting "Statutory
factor";
  (f) by inserting the following definition in subsection (4) (before the
existing definitions):
  " 'Statutory factor' means:
  (a) in the case of a class A franking debit-0.8; or
  (b) in the case of a class B franking debit-1.0;".

TAXATION LAWS AMENDMENT ACT (No. 3) 1993No. 118, 1993
- SECT 74
Life assurance companies-debit reducing section 160APMC credit

  74. Section 160AQCJ of the Principal Act is amended:
  (a) by omitting from subsection (1) all the words after "on that day" and
substituting the following words and paragraphs:
  "whichever of the following is applicable:
  (a) if the year of income is the 1992-93 year of income or an earlier year
of income-a class A franking debit of the company worked out under subsection
(2) of this section;
  (b) if the year of income is the 1993-94 year of income or a later year of
income-a class B franking debit of the company worked out under subsection (2)
of this section.";
  (b) by omitting from subsection (2) "0.8" and substituting "Statutory
factor";
  (c) by inserting the following definition in subsection (2) (before the
existing definitions):
  " 'Statutory factor' means:
  (a) in the case of a class A franking debit-0.8; or
  (b) in the case of a class B franking debit-1.0;".

TAXATION LAWS AMENDMENT ACT (No. 3) 1993No. 118, 1993
- SECT 75
Life assurance companies-debit reducing section 160APMD credit

  75. Section 160AQCK of the Principal Act is amended:
  (a) by omitting from subsection (1) all the words after "on that day" and
substituting the following words and paragraphs:
  "whichever of the following is applicable:
  (a) if the year of income is the 1992-93 year of income or an earlier year
of income-a class A franking debit of the company worked out under subsection
(2) of this section;
  (b) if the year of income is the 1993-94 year of income or a later year of
income-a class B franking debit of the company worked out under subsection (2)
of this section.";
  (b) by omitting from subsection (2) "0.8" and substituting "Statutory
factor";
  (c) by inserting the following definition in subsection (2) (before the
existing definitions):
  " 'Statutory factor' means:
  (a) in the case of a class A franking debit-0.8; or
  (b) in the case of a class B franking debit-1.0;".

TAXATION LAWS AMENDMENT ACT (No. 3) 1993No. 118, 1993
- SECT 76
Life assurance companies-debit reducing section 160APQB credit

  76. Section 160AQCL of the Principal Act is