Document ID: chunk:federal_register_of_legislation:C2010C00691:body:0:p25
Version: federal_register_of_legislation:C2010C00691
Segment Type: other
Provision Reference: 
Character Range: 59961–62569

all the
words after "as the case may be," (last occurring) and substituting the
following words and paragraphs:
  "whichever of the following is applicable:
  (d) if the payment mentioned in paragraph (a) is in respect of the 1992-93
year of income or an earlier year of income-a class A franking debit of the
company equal to the adjusted amount in relation to the amount received or
applied, as the case requires;
  (e) if the payment mentioned in paragraph (a) is in respect of the 1993-94
year of income or a later year of income-a class B franking debit of the
company equal to the adjusted amount in relation to the amount received or
applied, as the case requires.".

TAXATION LAWS AMENDMENT ACT (No. 3) 1993No. 118, 1993
- SECT 64
Foreign tax credits-actual payment or application against non-franking
credit liabilities

  64. Section 160APYBB of the Principal Act is amended by omitting all the
words after "as the case may be," and substituting the following words and
paragraphs:
  "whichever of the following is applicable:
  (c) if the foreign tax credit was allowable in respect of tax paid or
payable by the company in respect of income derived in the 1992-93 year of
income or an earlier year of income-a class A franking debit of the company
equal to the adjusted amount in relation to the amount paid or applied, as the
case requires;
  (d) if the foreign tax credit was allowable in respect of tax paid or
payable by the company in respect of income derived in the 1993-94 year of
income or a later year of income-a class B franking debit of the company equal
to the adjusted amount in relation to the amount paid or applied, as the case
requires.".

TAXATION LAWS AMENDMENT ACT (No. 3) 1993No. 118, 1993
- SECT 65
Waiver of franking deficit tax

  65. Section 160APYC of the Principal Act is amended:
  (a) by inserting "in respect of the 1993-94 year of income or a later year
of income" after "221AP made by a company";
  (b) by inserting "class B" before "franking debit";
  (c) by omitting from paragraph (c) "(0.8  X  Fund component)" and
substituting "Fund component".

TAXATION LAWS AMENDMENT ACT (No. 3) 1993No. 118, 1993
- SECT 66
Amended company tax assessment reducing tax

  66. Section 160APZ of the Principal Act is amended by omitting all the words
after "on that day" 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 debit of the company equal to the adjusted amount
in relation to the amount of the reduction;
  (d)