Income year of less than 6 months

If the corporate tax entity (that is not a private company) has an income year of 6 months or less then its franking period will be the same as its income year.

Example 4: Franking period for non-private company (where income year is 6 months)
Edwards Group Ltd, a public company has 6 months in a particular income year due to a transition from a standard 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.

    Last modified: 28 Jul 2016QC 16620