Income Tax (Transitional Provisions) Act 1997

CHAPTER 3 - SPECIALIST LIABILITY RULES  

PART 3-6 - THE IMPUTATION SYSTEM  

Division 220 - Imputation for NZ resident companies and related companies  

SECTION 220-10  

220-10   NZ franking company cannot frank before 1 October 2003  

An NZ franking company cannot:

(a) frank a distribution made before 1 October 2003; or

(b) frank with an exempting credit a distribution made before 1 October 2003.