Document ID: chunk:federal_register_of_legislation:C2010C00583:clause:10_12
Version: federal_register_of_legislation:C2010C00583
Segment Type: clause
Provision Reference: sch 10 cl 12
Character Range: 90185–90754

12  Subsection 250‑10(2) in Schedule 1 (after note 2)
Insert:

Note 3: Companies that are or were members of the same wholly‑owned group as an NZ franking company may be jointly and severally liable to pay certain tax‑related liabilities of the NZ franking company (see Division 220 of the Income Tax Assessment Act 1997).

Division 2—Amendments contingent on imputation for co‑operative companies

Taxation Laws Amendment Act (No. 3) 2003

Note: The Bill for the Taxation Laws Amendment Act (No. 3) 2003 originated as the Taxation Laws Amendment Bill (No. 8) 2002.