INCOME TAX ASSESSMENT ACT 1936 (ARCHIVE)
(a) a company that is an early balancing company for the purposes of subsection 221AB(1) adopts a different accounting period, or has an accounting period that commences or ends under section 18A ; or
(b) a company becomes, or ceases to be, an early balancing company for the purposes of that subsection;
the Commissioner may, by notice in writing served on the company, determine that a period specified in the notice shall be treated as a franking year in relation to the company.
(a) commence earlier than the date of service of the notice; and
(b) be shorter or longer than a period of 12 months.
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