INCOME TAX ASSESSMENT ACT 1936 (ARCHIVE)
(a) the time when the first class C franking credit of the company arises;
(b) the time immediately before the end of the 1995-96 franking year of the company;
(c) the nominated class C conversion time (see subsection (2)). 160ASF(2) [Nominated class C conversion time]
A company may, at any time before the earlier of the times mentioned in paragraphs (1)(a) and (b), make an irrevocable written election that that time, or a time that is after that time, is that company's nominated class C conversion time .