Document ID: chunk:federal_register_of_legislation:C2004A00986:clause:1_160auf
Version: federal_register_of_legislation:C2004A00986
Segment Type: clause
Provision Reference: sch 1 cl 160AUF
Character Range: 45785–46747

160AUF  Dividends paid under resolution made before 1 July 2001 but with a reckoning day after 1 July 2001

 (1) This section deals with the situation in which:
 (a) on or after 1 July 2001, a company pays a class C franked dividend or a number of class C franked dividends under a resolution made before 1 July 2001; and
 (b) section 160AUE does not apply to the dividend or dividends.

 (2) For the purposes of this Part:
 (a) despite subsection 160AQF(2), the company may:
 (i) vary any declaration it made under section 160AQF or 160ASEL in relation to the dividend or dividends; or
 (ii) revoke any declaration it made under section 160AQF or 160ASEL in relation to the dividend or dividends and make a fresh declaration under that section in relation to the dividend or dividends;
  before the reckoning day for the dividend or dividends; and
 (b) a declaration varied, or a fresh declaration made, under this section cannot itself be varied or revoked.