Income year less than six months
Where the entity has an income year of less than six months then the franking period will be the same as the income year.
Example: Single franking period
Edwards Group Ltd, a public company has six months in a particular income year due to a transition from a normal balancer to a 31 December early balancer.
For that income year, Edwards Group Ltd has only one franking period and it is the same as the income year which is from 1 July to 31 December.
End of example