Document ID: chunk:federal_register_of_legislation:C2010C00300:clause:5_2
Version: federal_register_of_legislation:C2010C00300
Segment Type: clause
Provision Reference: sch 5 cl 2
Character Range: 23420–24308

2  At the end of section 205‑70
Add:

Commissioner's discretion

 (6) The 30% reductions in steps 1 and 2 of the method statement in subsection (2) do not apply in working out the amount of the *tax offset to which the entity is entitled for the relevant year if the Commissioner determines in writing, on application by the entity in the *approved form, that the excess referred to in those steps was due to events outside the control of the entity.

 (7) A determination under subsection (6) is not a legislative instrument.

Applicable franking debits

 (8) This subsection applies to *franking debits in the *franking account of an entity:
 (a) that arise under table item 1, 3, 5 or 6 in section 205‑30 for an income year; and
 (b) if the entity has franking debits covered by paragraph (a) for that income year—that arise under table item 2 in that section for that income year.