Income Tax Assessment Act 1997
View history note
Hide history noteSECTION 204-35 When does a franking debit arise if the Commissioner makes a determination under paragraph 204-30(3)(a) 204-35(1)
If the Commissioner makes a determination giving rise to a *franking debit in the *franking account of an entity under paragraph 204-30(3)(a) , the debit arises in the franking account of the entity on the day on which the notice of determination is given to the entity in accordance with section 204-50 .
204-35(2)
If the Commissioner makes a determination giving rise to an *exempting debit in the *exempting account of an entity under paragraph 204-30(3)(b) , the debit arises in the exempting account of the entity on the day on which the notice of determination is given to the entity in accordance with section 204-50 .
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