Income Tax (Transitional Provisions) Act 1997
CHAPTER 3
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SPECIALIST LIABILITY RULES
PART 3-6
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THE IMPUTATION SYSTEM
Division 203
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Benchmark rule
SECTION 203-1
203-1
Franking periods straddling 1 July 2002
Where, but for this section, 1 July 2002 would fall within a franking period for a corporate tax entity, but would not be the first day of the franking period, the franking period:
(a) is taken to begin at the start of 1 July 2002; and
(b) is taken to end when it would otherwise have ended.
View history note
Hide history noteWhere, but for this section, 1 July 2002 would fall within a franking period for a corporate tax entity, but would not be the first day of the franking period, the franking period:
(a) is taken to begin at the start of 1 July 2002; and
(b) is taken to end when it would otherwise have ended.
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