Early balancers - franking periods

Under the former provisions an early balancing entity generally had a franking year that aligned with its income year. However, under the simplified imputation system, the concept of franking year has been removed and the income year now becomes the relevant period for determining franking deficit tax for all balancers.

Franking periods - early balancers

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Transitional section for 2002-03 income year franking periods.

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    Last modified: 09 Jul 2014QC 17505