New Business Tax System (Imputation) Act 2002 (48 of 2002)
Schedule 2 Consequential amendments of Chapter 6 (the Dictionary) of the Income Tax Assessment Act 1997
13 Subsection 995-1(1)
Insert:
franking account means an account that arises under section 205-10.
Note 1: Section 205-15 sets out when a credit arises in that account.
Note 2: Section 205-30 sets out when a debit arises in that account.
Copyright notice
© Australian Taxation Office for the Commonwealth of Australia
You are free to copy, adapt, modify, transmit and distribute material on this website as you wish (but not in any way that suggests the ATO or the Commonwealth endorses you or any of your services or products).
