Document ID: chunk:federal_register_of_legislation:C2010C00691:body:0:p38
Version: federal_register_of_legislation:C2010C00691
Segment Type: other
Provision Reference: 
Character Range: 92146–95016

amount.".

TAXATION LAWS AMENDMENT ACT (No. 3) 1993No. 118, 1993
- SECT 89
Franking rebate in trustee's assessment

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

TAXATION LAWS AMENDMENT ACT (No. 3) 1993No. 118, 1993
- SECT 90
Franking rebate for trustees of superannuation funds, ADFs and PSTs

  90. Section 160AQYA of the Principal Act is amended:
  (a) by omitting paragraph (1)(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 trust
amount;
    (ii) a class B flow-on franking amount in relation to the trust
amount;";
  (b) by omitting from subsection (1) 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 trust amount;
  (e) if only subparagraph (c)(ii) applies-the class B potential rebate amount
in relation to the trust amount;
  (f) if both subparagraphs (c)(i) and (ii) apply-the sum of:
    (i) the class A potential rebate amount in relation to the trust
amount; and
    (ii) the class B potential rebate amount in relation to the trust
amount.";
  (c) by omitting paragraph (2)(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;";
  (d) by omitting from subsection (2) 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