Document ID: chunk:federal_register_of_legislation:C2025C00029:section:11:p34
Version: federal_register_of_legislation:C2025C00029
Segment Type: section
Provision Reference: s 11 (pt 34/64)
Character Range: 3382593–3385743

franking company is not automatically prescribed person
220‑510 Parent company's status as prescribed person sets status of all other members of same wholly‑owned group
NZ franking companies' exempting accounts
220‑605 Effect on exempting account if NZ franking choice ceases to be in force
Tax effect of distribution franked by NZ franking company with an exempting credit
220‑700 Tax effect of distribution franked by NZ franking company with an exempting credit
Joint and several liability for NZ resident company's unmet franking liabilities
220‑800 Joint and several liability for NZ resident company's franking tax etc.
Part 3‑10—Financial transactions
Division 230—Taxation of financial arrangements
Guide to Division 230
230‑1 What this Division is about
230‑5 Scope of this Division
Subdivision 230‑A—Core rules
Objects
230‑10 Objects of this Division
Tax treatment of gains and losses from financial arrangements
230‑15 Gains are assessable and losses deductible
230‑20 Gain or loss to be taken into account only once under this Act
230‑25 Associated financial benefits to be taken into account only once under this Act
230‑30 Treatment of gains and losses related to exempt income and non‑assessable non‑exempt income
230‑35 Treatment of gains and losses of private or domestic nature
Method to be applied to take account of gain or loss
230‑40 Methods for taking gain or loss into account
Financial arrangement concept
230‑45 Financial arrangement
230‑50 Financial arrangement (equity interest or right or obligation in relation to equity interest)
230‑55 Rights, obligations and arrangements (grouping and disaggregation rules)
General rules
230‑60 When financial benefit provided or received under financial arrangement
230‑65 Amount of financial benefit relating to more than one financial arrangement etc.
230‑70 Apportionment when financial benefit received or right ceases
230‑75 Apportionment when financial benefit provided or obligation ceases
230‑80 Consistency in working out gains or losses (integrity measure)
230‑85 Rights and obligations include contingent rights and obligations
Subdivision 230‑B—The accruals/realisation methods
Guide to Subdivision 230‑B
230‑90 What this Subdivision is about
Objects of Subdivision
230‑95 Objects of this Subdivision
When accruals method or realisation method applies
230‑100 When accruals method or realisation method applies
230‑105 Sufficiently certain overall gain or loss
230‑110 Sufficiently certain gain or loss from particular event
230‑115 Sufficiently certain financial benefits
230‑120 Financial arrangements with notional principal
The accruals method
230‑125 Overview of the accruals method
230‑130 Applying accruals method to work out period over which gain or loss is to be spread
230‑135 How gain or loss is spread
230‑140 Method of spreading gain or loss—effective interest method
230‑145 Application of effective interest method where differing income and accounting years
230‑150 Election for portfolio treatment of fees
230‑155 Election for portfolio treatment of fees where differing income and accounting years
230‑160 Portfolio treatment of fees
230‑165 Portfolio