Document ID: chunk:federal_register_of_legislation:C2024C00267:front:0:p9
Version: federal_register_of_legislation:C2024C00267
Segment Type: other
Provision Reference: 
Character Range: 22894–25933

closed off
197‑20 After introduction day, account taken to have become tainted under new Division 197 to extent of previous tainting
197‑25 Special provisions if company chooses to untaint after introduction day
Part 3‑6—The imputation system
Division 201—Object and application of Part 3‑6
201‑1 Estimated debits
Division 203—Benchmark rule
203‑1 Franking periods straddling 1 July 2002
Division 205—Franking accounts
205‑1 Order of events provision
205‑5 Washing estimated debits out of the franking account before conversion
205‑10 Converting the franking account balance to a tax paid basis—companies whose 2001‑02 franking year ends on 30 June 2002
205‑15 Converting the franking account balance to a tax paid basis—companies whose 2001‑02 franking year ends before 30 June 2002
205‑20 A late balancing company may elect to have its FDT liability determined on 30 June
205‑25 Franking deficit tax
205‑30 Deferring franking deficit
205‑35 No franking deficit tax if franking account in deficit at the close of the 2001‑02 income year of a late balancing entity
205‑70 Tax offset arising from franking deficit tax liabilities
205‑71 Modification of franking deficit tax offset rules
205‑75 Working out the tax offset for the first income year
205‑80 Application of Subdivision C of Division 5 of former Part IIIAA of the Income Tax Assessment Act 1936
Division 208—Exempting entities and former exempting entities
208‑111 Converting former exempting company's exempting account balance on 30 June 2002
Division 210—Venture capital franking
210‑1 Order of events provision
210‑5 Washing estimated venture capital debits out of the old sub‑account before conversion
210‑10 Converting the venture capital sub‑account balance to a tax paid basis—PDFs whose 2001‑02 franking year ends on 30 June 2002
210‑15 Converting the venture capital sub‑account balance to a tax paid basis—PDFs whose 2001‑02 franking year ends before 30 June 2002
Division 214—Administering the imputation system
214‑1 Application
214‑5 Entity must give a franking return
214‑10 Notice to a specific corporate tax entity
214‑15 Effect of a refund on franking returns
214‑20 Franking returns for the income year
214‑25 Commissioner may make a franking assessment
214‑30 Commissioner taken to have made a franking assessment on first return
214‑35 Amendments within 3 years of the original assessment
214‑40 Amended assessments are treated as franking assessments
214‑45 Further return as a result of a refund affecting a franking deficit tax liability
214‑50 Later amendments—on request
214‑55 Later amendments—failure to make proper disclosure
214‑60 Later amendments—fraud or evasion
214‑65 Further amendment of an amended particular
214‑70 Other later amendments
214‑75 Amendment on review etc.
214‑80 Notice of amendments
214‑85 Validity of assessment
214‑90 Objections
214‑100 Due date for payment of franking tax
214‑105 General interest charge
214‑110 Refunds of amounts overpaid
214‑120 Record keeping
214‑125 Power of Commissioner to obtain information
214‑135