Commonwealth Numbered Acts

TAXATION LAWS AMENDMENT ACT (No. 3) 1993No. 118, 1993 - SECT 99

99. Section 160ARJ of the Principal Act is amended:
(a) by inserting in subsection (1) "class A" before "franking" (first, 3rd and
4th occurring);

   (b)  by inserting after subsection (1) the following subsection:

"(1A) The Commissioner may at any time make an assessment of the class B
franking account balance of a company at a particular time during a franking
year and, if the company has a class B franking deficit at that time, of the
class B franking deficit tax payable by the company.";
(c) by inserting in subsection (2) "or (1A)" after "(1)".