Document ID: chunk:federal_register_of_legislation:C2010C00605:clause:18_3
Version: federal_register_of_legislation:C2010C00605
Segment Type: clause
Provision Reference: sch 18 cl 3
Character Range: 250023–250560

3  Paragraph 205‑1(b)
Repeal the paragraph, substitute:
 (b) then:
 (i) in the case of a company whose 2001‑02 franking year ends on 30 June 2002 under Part IIIAA of the Income Tax Assessment Act 1936—the company's franking account balances are converted under section 205‑10 to a tax paid basis; and
 (ii) in the case of a company whose 2001‑02 franking year ends before 30 June 2002 under Part IIIAA of the Income Tax Assessment Act 1936—the company's franking account balances are converted under section 205‑15 to a tax paid basis.