Franking periods for entities that are not private companies
In most cases the franking periods for a corporate tax entity that is not a private company will be six months. The period is determined by the length of its income year.
Where the corporate tax entity has an income year of 12 months, the first franking period is the first six months beginning at the start of the income year, and the second franking period is the rest of the income year.
Example: Two franking periods
D&B Group Ltd is a public company and has 12 months in its income year, from 1 July to 30 June.
D&B Group Ltd has two franking periods in one income year.
The first franking period is 1 July to 31 December and the second franking period is from 1 January to 30 June.
End of example