Document ID: chunk:federal_register_of_legislation:C2004A00986:clause:1_11
Version: federal_register_of_legislation:C2004A00986
Segment Type: clause
Provision Reference: sch 1 cl 11
Character Range: 47390–48292

11  Application

(1) The amendment made by item 1 of this Schedule applies to:
 (a) franking deficit tax for franking years ending on or after 1 July 2001; and
 (b) deficit deferral tax in relation to PAYG instalments paid during a franking year ending on or after 1 July 2001.

(2) The amendment made by item 2 of this Schedule applies to:
 (a) the payment of a class C franked dividend to a shareholder of a company on or after 1 July 2001; and
 (b) a trust amount or partnership amount that relates, directly or indirectly, to payment of a class C franked dividend to a shareholder in a company on or after 1 July 2001.

(3) The amendment made by item 4 of this Schedule applies to dividends paid on or after 1 July 2001.

(4) The amendment made by item 5 of this Schedule applies to deficit deferral tax in relation to PAYG instalments paid during a franking year ending on or after 1 July 2001.