Income Tax Assessment Act 1997

CHAPTER 3 - SPECIALIST LIABILITY RULES  

PART 3-6 - THE IMPUTATION SYSTEM  

Division 214 - Administering the imputation system  

Subdivision 214-A - Franking returns  

Operative provisions

SECTION 214-30  

214-30   Franking account balance  


A *corporate tax entity's franking account balance at a particular time is:


(a) if the entity has a *franking surplus or a *franking deficit at that time - the amount of the surplus or deficit; or


(b) if the entity does not have a franking surplus or a franking deficit at that time - nil.


View surrounding sectionsView surrounding sectionsBack to top


This information is provided by CCH Australia Limited Link opens in new window. View the disclaimer and notice of copyright.