Income Tax Assessment Act 1997

CHAPTER 3 - SPECIALIST LIABILITY RULES  

PART 3-6 - THE IMPUTATION SYSTEM  

Division 204 - Anti-streaming rules  

Subdivision 204-E - Disclosure requirements  

Operative provisions

SECTION 204-75   Notice to the Commissioner  

204-75(1)  


The entity must notify the Commissioner in writing of the difference.

204-75(2)  
(Repealed by No 41 of 2011)

204-75(3)  
The notice must also state:


(a) the *benchmark franking percentage for the current franking period; and


(b) the benchmark franking percentage for the last relevant franking period.

204-75(4)  


The notice must be in the *approved form and must be given to the Commissioner:


(a) if the entity is required to give the Commissioner a *franking return for the income year in which the current franking period occurs - with that return; or


(b) otherwise - within one month after the end of the income year in which the current franking period occurs.

Note:

See Subdivision 214-A for requirements to give the Commissioner franking returns.


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