Commonwealth Consolidated Acts

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FUTURE FUND ACT 2006 - SECT 30

Refund of franking credits

    If:

  (a)   the Board receives a refund of a tax offset under the Income Tax Assessment Act 1997 ; and

  (b)   the tax offset is attributable to an investment of the Fund;

the refund is to be credited to the Fund Account.

Note 1:   See also section   84B.

Note 2:   For refunds of tax offsets, see Division   63 of the Income Tax Assessment Act 1997 .



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