s 220-35
In forceExtended time to make NZ franking choice
Chapter 3Specialist liability rules
Part 3-6The imputation system
Division 220Imputation for NZ resident companies and related companies
220-35 Extended time to make NZ franking choice
(1)
A company that is an NZ resident may make an NZ franking choice that comes into force at the start of the company’s income year including 1 April 2003 by giving notice in the approved form to the Commissioner before the end of the next income year.
(2)
Subsection (1) has effect despite paragraph 220‑40(1)(a) of the Income Tax Assessment Act 1997.
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