Commonwealth Consolidated Acts

[Index] [Table] [Search] [Search this Act] [Notes] [Noteup] [Previous] [Next] [Download] [Help]

INCOME TAX ASSESSMENT ACT 1997 - SECT 220.40

When is an NZ franking choice in force?

  (1)   A company's * NZ franking choice comes into force:

  (a)   at the start of the company's income year in which the notice was given to the Commissioner; or

  (b)   at the start of a later income year specified in the notice.

  (2)   The * NZ franking choice continues in force until it is revoked by the company or cancelled by the Commissioner.



AustLII: Copyright Policy | Disclaimers | Privacy Policy | Feedback