Income Tax Assessment Act 1997

CHAPTER 3 - SPECIALIST LIABILITY RULES  

PART 3-6 - THE IMPUTATION SYSTEM  

Division 204 - Anti-streaming rules  

Subdivision 204-D - Streaming distributions  

Operative provisions

SECTION 204-35   When does a franking debit arise if the Commissioner makes a determination under paragraph 204-30(3)(a)  

204-35(1)    
If the Commissioner makes a determination giving rise to a *franking debit in the *franking account of an entity under paragraph 204-30(3)(a) , the debit arises in the franking account of the entity on the day on which the notice of determination is given to the entity in accordance with section 204-50 .

204-35(2)    

If the Commissioner makes a determination giving rise to an *exempting debit in the *exempting account of an entity under paragraph 204-30(3)(b) , the debit arises in the exempting account of the entity on the day on which the notice of determination is given to the entity in accordance with section 204-50 .