s 44
In forceRefund of franking credits
Part 4Investment of the Aboriginal and Torres Strait Islander Land and Sea Future Fund
44 Refund of franking credits
A refund of a tax offset under the Income Tax Assessment Act 1997 is to be credited to the Aboriginal and Torres Strait Islander Land and Sea Future Fund Special Account if:
(a)
the Future Fund Board receives the refund; and
(b)
the tax offset is attributable to an investment of the Aboriginal and Torres Strait Islander Land and Sea Future Fund.
Note 1:
See also section 84B of the Future Fund Act 2006.
Note 2:
For refunds of tax offsets, see Division 63 of the Income Tax Assessment Act 1997.
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