Income Tax Assessment Act 1997
A company's *NZ franking choice comes into force:
(a) at the start of the company's income year in which the notice was given to the Commissioner; or
(b) at the start of a later income year specified in the notice.
220-40(2)
The *NZ franking choice continues in force until it is revoked by the company or cancelled by the Commissioner.
This information is provided by CCH Australia Limited Link opens in new window. View the disclaimer and notice of copyright.