Document ID: chunk:federal_register_of_legislation:C2010C00499:clause:7_4
Version: federal_register_of_legislation:C2010C00499
Segment Type: clause
Provision Reference: sch 7 cl 4
Character Range: 39275–41097

4  Link note before Division 220
Repeal the link note, substitute:

Division 219—Imputation for life insurance companies

Table of Subdivisions

 Guide to Division 219
219‑A Application of imputation rules to life insurance companies
219‑B Franking accounts of life insurance companies

Guide to Division 219

219‑1  What this Division is about

      This Division sets out how the imputation rules are applied to a life insurance company.

Subdivision 219‑A—Application of imputation rules to life insurance companies

Table of sections

219‑10 Application of imputation rules to life insurance companies

219‑10  Application of imputation rules to life insurance companies

 (1) This Part (except this Division) applies to a *life insurance company in the same way as it applies to any other company.

 (2) However, that application is subject to the modifications set out in this Division.

Subdivision 219‑B—Franking accounts of life insurance companies

Table of sections

219‑15 Franking credits
219‑30 Franking debits
219‑40 Residency requirement
219‑45 Assessment day
219‑50 Amount attributable to shareholders' share of income tax liability
219‑55 Adjustment resulting from an amended assessment

219‑15  Franking credits

 (1) The table in section 205‑15 does not apply to a *life insurance company.

 (2) The following table sets out when a *franking credit arises under this section in the *franking account of a *life insurance company.

Franking credits in the franking account
Item                                      If:                                                                                                                          A credit of:                                                                                                                                     Arises: