Document ID: chunk:federal_register_of_legislation:C2010C00691:body:0:p39
Version: federal_register_of_legislation:C2010C00691
Segment Type: other
Provision Reference: 
Character Range: 94738–97577

subparagraph (c)(i) applies-the class A potential rebate amount
in relation to the partnership amount;
  (e) if only subparagraph (c)(ii) applies-the class B potential rebate amount
in relation to the partnership amount;
  (f) if both subparagraphs (c)(i) and (ii) apply-the sum of:
    (i) the class A potential rebate amount in relation to the
partnership amount; and
    (ii) the class B potential rebate amount in relation to the
partnership amount.".

TAXATION LAWS AMENDMENT ACT (No. 3) 1993No. 118, 1993
- SECT 91
Franking rebate for certain partners

  91. Section 160AQZ of the Principal Act is amended:
  (a) by omitting paragraph (c) and substituting the following paragraph:
  "(c) there is either or both of the following:
    (i) a class A flow-on franking amount in relation to the partnership
amount;
    (ii) a class B flow-on franking amount in relation to the
partnership amount;";
  (b) by omitting all the words after "equal to" and substituting the
following words and paragraphs:
  "whichever of the following is applicable:
  (d) if only subparagraph (c)(i) applies-the class A potential rebate amount
in relation to the partnership amount;
  (e) if only subparagraph (c)(ii) applies-the class B potential rebate amount
in relation to the partnership amount;
  (f) if both subparagraphs (c)(i) and (ii) apply-the sum of:
    (i) the class A potential rebate amount in relation to the
partnership amount; and
    (ii) the class B potential rebate amount in relation to the
partnership amount.".

TAXATION LAWS AMENDMENT ACT (No. 3) 1993No. 118, 1993
- SECT 92
Franking rebates for certain life assurance companies

  92. Section 160AQZA of the Principal Act is amended:
  (a) by inserting "class A" before "franking credit";
  (b) by inserting "class A" before "potential rebate amount";
  (c) by adding at the end the following subsection:
  "(2) If, apart from subsection 160APQ(3), a class B franking credit of a
taxpayer would have arisen under section 160APQ in respect of:
  (a) a trust amount or partnership amount that is included in; or
  (b) a partnership amount that is allowed as a deduction from;
the assessable income of the taxpayer of a year of income, the taxpayer is
entitled to a rebate of tax in the taxpayer's assessment in respect of income
of the year of income of an amount equal to the class B potential rebate
amount in relation to the trust amount or partnership amount.".

TAXATION LAWS AMENDMENT ACT (No. 3) 1993No. 118, 1993
- SECT 93
Adjustment where franking credit arises

  93. Section 160AR of the Principal Act is amended:
  (a) by inserting in paragraph (1)(b) "class A" before "franking credit";
  (b) by inserting in subsection (1) "class A" before "potential rebate
amount";
  (c) by inserting after subsection (1) the following subsection:
  "(1A) If:
  (a) a trust amount is