INCOME TAX ASSESSMENT ACT 1997 - SECT 220.40 When is an NZ franking choice in force?
INCOME TAX ASSESSMENT ACT 1997 - SECT 220.40
When is an NZ franking choice in force?(1) A company's * NZ franking choice comes into force:
(a) at the start of the company's income year in which the notice was given to the Commissioner; or
(b) at the start of a later income year specified in the notice.
(2) The * NZ franking choice continues in force until it is
revoked by the company or cancelled by the Commissioner.