Commonwealth Consolidated Acts

INCOME TAX ASSESSMENT ACT 1997 - SECT 204.75

  (1)   The entity must notify the Commissioner in writing of the difference.

  (3)   The notice must also state:

  (a)   the * benchmark franking percentage for the current franking period; and

  (b)   the benchmark franking percentage for the last relevant franking period.

  (4)   The notice must be in the * approved form and must be given to the Commissioner:

  (a)   if the entity is required to give the Commissioner a * franking return for the income year in which the current franking period occurs--with that return; or

  (b)   otherwise--within one month after the end of the income year in which the current franking period occurs.

Note:   See Subdivision   214 - A for requirements to give the Commissioner franking returns.