Document ID: chunk:federal_register_of_legislation:C2025C00029:section:4a
Version: federal_register_of_legislation:C2025C00029
Segment Type: section
Provision Reference: s 4A
Character Range: 3467007–3468110

4A                               a *franking debit arises under item 2 or 2A of the table in subsection 205‑30(1) because the entity receives a *tax offset refund; and                                                                          the difference (if any) between:                                                                                                                                         on the day on which the amount of the excess is paid
                                 the entity's tax offset refund is subsequently reduced and the entity is liable to pay to the Commonwealth the amount of the excess mentioned in subsection 172A(2) of the Income Tax Assessment Act 1936; and  (a) the amount of the franking debit; and
                                 the entity pays the amount of the excess                                                                                                                                                                        (b) the amount the franking debit would have been if the tax offset refund were reduced by the amount of the excess