Commonwealth Consolidated Acts

INCOME TAX (TRANSITIONAL PROVISIONS) ACT 1997 - SECT 220.35

  (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 .