Income Tax (Transitional Provisions) Act 1997



Division 214 - Administering the imputation system  

SECTION 214-20   Franking returns for the income year  

A franking return for a balancing period is in addition to any franking return that the entity is required to give to the Commissioner under Subdivision 214-A of the Income Tax Assessment Act 1997 for the income year in which the balancing period ends.

However, if an entity is required to give a franking return for a balancing period, it is not required to include in its franking return for the income year in which that period ends anything that should have been included in the franking return for the balancing period.


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