Income Tax (Transitional Provisions) Act 1997

Table of sections

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