New Business Tax System (Consolidation and Other Measures) Act 2003 (16 of 2003)

Schedule 28   Machinery provisions for simplified imputation system

Income Tax Assessment Act 1997

2   At the end of subsection 204-75(4)

Add:

and must be given to the Commissioner:

(a) if the entity is required to give the Commissioner a *franking return for the income year in which the current franking period occurs - with that return; or

(b) otherwise - within one month after the end of the income year in which the current franking period occurs.

Note: See Subdivision 214-A for requirements to give the Commissioner franking returns.