Income Tax Assessment Act 1997
CHAPTER 3
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SPECIALIST LIABILITY RULES
PART 3-6
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THE IMPUTATION SYSTEM
Division 220
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Imputation for NZ resident companies and related companies
Subdivision 220-C
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Modifications of other Divisions of this Part
Franking NZ franking companies' distributions
SECTION 220-105 Unfrankable distributions by NZ franking companies 220-105(1)
These *distributions by an *NZ franking company are *unfrankable:
(a) a conduit tax relief additional dividend (as defined in section OB1 of the Income Tax Act 1994 of New Zealand);
(b) a supplementary dividend (as defined in that section).
220-105(2)
This section does not limit section 202-45 (about *unfrankable distributions).
View history note
Hide history noteSECTION 220-105 Unfrankable distributions by NZ franking companies 220-105(1)
These *distributions by an *NZ franking company are *unfrankable:
(a) a conduit tax relief additional dividend (as defined in section OB1 of the Income Tax Act 1994 of New Zealand);
(b) a supplementary dividend (as defined in that section).
220-105(2)
This section does not limit section 202-45 (about *unfrankable distributions).
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