Income Tax Assessment Act 1997
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Hide history noteUse this section to work out the franking periods for an entity in an income year where the entity is not a *private company for the income year.
203-40(2)
If the entity ' s income year is a period of 12 months, each of the following is a franking period for the entity in that year:
(a) the period of 6 months beginning at the start of the entity ' s income year;
(b) the remainder of the income year.
203-40(3)
If the entity ' s income year is a period of 6 months or less, the franking period for the entity in that year is the same as the income year.
203-40(4)
If the entity ' s income year is a period of more than 6 months and less than 12 months, each of the following is a franking period for the entity in that year:
(a) the period of 6 months beginning at the start of the entity ' s income year;
(b) the remainder of the income year.
203-40(5)
If the entity ' s income year is a period of more than 12 months, each of the following is a franking period for the entity in that year:
(a) the period of 6 months beginning at the start of the entity ' s income year (the first franking period );
(b) the period of 6 months beginning immediately after the end of the first franking period;
(c) the remainder of the income year.
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