INCOME TAX ASSESSMENT ACT 1936 (ARCHIVE)

PART IIIAA - FRANKING OF DIVIDENDS  

Division 8 - Returns and assessments  

Subdivision B - Assessments  

SECTION 160ARJ   PART-YEAR ASSESSMENT  

160ARJ(1)   [Assessment of class A franking account balance]  

The Commissioner may at any time make an assessment of the class A franking account balance of a company at a particular time during a franking year and, if the company has a class A franking deficit at that time, of the class A franking deficit tax payable by the company.

160ARJ(1A)   [Assessment of class B franking account balance]  

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.

160ARJ(1B)   [Assessment of class C franking account balance]  

The Commissioner may at any time make an assessment of the class C franking account balance of a company at a particular time during a franking year and, if the company has a class C franking deficit at that time, of the class C franking deficit tax payable by the company.

160ARJ(2)   [Beginning and end of assessment period]  

In making an assessment under subsection (1), (1A) or (1B), the Commissioner shall apply this Part as if the beginning and end of the period to which the assessment relates were the beginning and end respectively of a franking year.