Document ID: chunk:federal_register_of_legislation:C2010C00691:body:0:p21
Version: federal_register_of_legislation:C2010C00691
Segment Type: other
Provision Reference: 
Character Range: 50154–52907

under subsection
(2) of this section.";
  (b) by omitting from subsection (2) "0.8" and substituting "Statutory
factor";
  (c) by inserting the following definition in subsection (2) (before the
existing definitions):
  " 'Statutory factor' means:
  (a) in the case of a class A franking credit-0.8; or
  (b) in the case of a class B franking credit-1.0;".

TAXATION LAWS AMENDMENT ACT (No. 3) 1993No. 118, 1993
- SECT 54
Life assurance companies-credit reducing section 160APYBB debit

  54. Section 160APVBB of the Principal Act is amended:
  (a) by omitting from subsection (1) all the words after "on that day" and
substituting the following words and paragraphs:
  "whichever of the following is applicable:
  (a) if the year of income is the 1992-93 year of income or an earlier year
of income-a class A franking credit of the company worked out under subsection
(2) of this section;
  (b) if the year of income is the 1993-94 year of income or a later year of
income-a class B franking credit of the company worked out under subsection
(2) of this section.";
  (b) by omitting from subsection (2) "0.8" and substituting "Statutory
factor";
  (c) by inserting the following definition in subsection (2) (before the
existing definitions):
  " 'Statutory factor' means:
  (a) in the case of a class A franking credit-0.8; or
  (b) in the case of a class B franking credit-1.0;".

TAXATION LAWS AMENDMENT ACT (No. 3) 1993No. 118, 1993
- SECT 55
Life assurance companies-credit reducing section 160APYB debit

  55. Section 160APVC of the Principal Act is amended:
  (a) by omitting from subsection (1) all the words after "on that day" and
substituting the following words and paragraphs:
  "whichever of the following is applicable:
  (a) if the year of income is the 1992-93 year of income or an earlier year
of income-a class A franking credit of the company worked out under subsection
(2) of this section;
  (b) if the year of income is the 1993-94 year of income or a later year of
income-a class B franking credit of the company worked out under subsection
(2) of this section.";
  (b) by omitting from subsection (2) "0.8" and substituting "Statutory
factor";
  (c) by inserting the following definition in subsection (2) (before the
existing definitions):
  " 'Statutory factor' means:
  (a) in the case of a class A franking credit-0.8; or
  (b) in the case of a class B franking credit-1.0;";
  (d) by omitting from subsection (3) all the words after "served," (third
occurring) and substituting the following words and paragraphs:
  "whichever of the following is applicable:
  (c) if the year of income is the 1992-93 year of income or an earlier year
of income-a class A franking credit of the company worked out under subsection
(4) of