Commonwealth Consolidated Acts

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

INCOME TAX ASSESSMENT ACT 1997 - SECT 204.35

When does a franking debit arise if the Commissioner makes a determination under paragraph 204-30(3)(a)

             (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.

                 (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.



AustLII: Copyright Policy | Disclaimers | Privacy Policy | Feedback