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COMMONWEALTHAct
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s 203-1

Franking periods straddling 1 July 2002

In force
Chapter 3Specialist liability rules
Part 3-6The imputation system
Division 203Benchmark rule

203-1 Franking periods straddling 1 July 2002

Where, but for this section, 1 July 2002 would fall within a franking period for a corporate tax entity, but would not be the first day of the franking period, the franking period:

(a)

is taken to begin at the start of 1 July 2002; and

(b)

is taken to end when it would otherwise have ended.

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