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 220-35
Extended time to make NZ franking choice
220-35(1)
A company that is an NZ resident may make an NZ franking choice that comes into force at the start of the company's income year including 1 April 2003 by giving notice in the approved form to the Commissioner before the end of the next income year. 220-35(2)
Subsection (1) has effect despite paragraph 220-40(1) (a) of the Income Tax Assessment Act 1997 .
View history note
Hide history noteA company that is an NZ resident may make an NZ franking choice that comes into force at the start of the company's income year including 1 April 2003 by giving notice in the approved form to the Commissioner before the end of the next income year. 220-35(2)
Subsection (1) has effect despite paragraph 220-40(1) (a) of the Income Tax Assessment Act 1997 .
This information is provided by CCH Australia Limited Link opens in new window. View the disclaimer and notice of copyright.