Document ID: chunk:federal_register_of_legislation:C2010C00615:clause:3_160aqcnci
Version: federal_register_of_legislation:C2010C00615
Segment Type: clause
Provision Reference: sch 3 cl 160AQCNCI
Character Range: 273472–274134

160AQCNCI  Early balancing life assurance company (refunds and amended assessments for 2000‑01 year of income)

When franking debits arise under this section

 (1) Franking debits of a life assurance company arise under this section if:
 (a) the company's 2000‑01 year of income starts before 1 July 2000; and
 (b) some of the income tax payable by the company in respect of the year of income is referable to taxable income derived before 1 July 2000; and
 (c) one of the items in the following table is satisfied:

Circumstances in which this section applies
Item                                         General description      This item is satisfied if ...