Document ID: chunk:federal_register_of_legislation:C2004A01055:clause:1_4
Version: federal_register_of_legislation:C2004A01055
Segment Type: clause
Provision Reference: sch 1 cl 4
Character Range: 3249–4089

4  At the end of section 5
Add:
 ; and (c) in a case where a corporate tax entity is liable to pay franking deficit tax under subsection 205‑25(2) of the Income Tax (Transitional Provisions) Act 1997 because the entity has a franking deficit at the end of 30 June in the year 2003 or a later year—the amount of the entity's franking deficit at that time; and
 (d) in a case where a corporate tax entity is liable to pay franking deficit tax under subsection 205‑25(3) of the Income Tax (Transitional Provisions) Act 1997 because the entity has a franking deficit immediately before it ceases to be a franking entity—the amount of the entity's franking deficit immediately before it ceases to be a franking entity.

(213/02)

[Minister's second reading speech made in—
House of Representatives on 26 September 2002
Senate on 17 October 2002]