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Future Fund Act 2006
30Refund of franking credits
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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.