Document ID: chunk:federal_register_of_legislation:C2010C00691:body:0:p17
Version: federal_register_of_legislation:C2010C00691
Segment Type: other
Provision Reference: 
Character Range: 40550–43093

end the following subsection:
  "(2) If a company has a class B franking surplus at the end of a franking
year, there arises at the beginning of the next franking year a class B
franking credit of the company equal to that class B franking surplus.".

TAXATION LAWS AMENDMENT ACT (No. 3) 1993No. 118, 1993
- SECT 43
Initial payment of tax

  43. Section 160APMA of the Principal Act is amended by omitting paragraphs
        (a) and (b) and substituting the following paragraphs:
  "(a) if the payment day is in the year of income-there arises on the first
day of the franking year next following the payment year whichever of the
following is applicable:
    (i) if the year of income is the 1992-93 year of income or an
earlier year of income-a class A franking credit of the company equal to the
adjusted amount in relation to the amount paid;
    (ii) if the year of income is the 1993-94 year of income or a later
year of income-a class B franking credit of the company equal to the adjusted
amount in relation to the amount paid; or
  (b) in any other case-there arises on the payment day whichever of the
following is applicable:
    (i) if the year of income is the 1992-93 year of income or an
earlier year of income-a class A franking credit of the company equal to the
adjusted amount in relation to the amount paid;
    (ii) if the year of income is the 1993-94 year of income or a later
year of income-a class B franking credit of the company equal to the adjusted
amount in relation to the amount paid.".

TAXATION LAWS AMENDMENT ACT (No. 3) 1993No. 118, 1993
- SECT 44
Subsequent payments of tax before determination of taxable income

  44. Section 160APMB of the Principal Act is amended by omitting all the
words after "on which that further payment is made," 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 credit of the company equal to the adjusted
amount in relation to the amount of that further payment;
  (b) if the year of income is the 1993-94 year of income or a later year of
income-a class B franking credit of the company equal to the adjusted amount
in relation to the amount of that further payment.".

TAXATION LAWS AMENDMENT ACT (No. 3) 1993No. 118, 1993
- SECT 45
Final payment of tax

  45. Section 160APMC of the Principal Act is amended by omitting all the
words after "on that day" and substituting the following words and
paragraphs:
  "whichever