Required for every frankable distribution

Under the Australian imputation law, if your entity makes a frankable distribution, you must give the recipient a distribution statement.

You must give a distribution statement that satisfies the requirements listed under New Zealand franking companies to all members who receive a distribution that was frankable (according to the Australian rules) whether or not:

  • Australian franking credits were attached to the distribution
  • the recipients of the distribution can claim any credits for Australian franking credits that are attached to the distribution in their tax return.
Further Information

For more information about whether a distribution is frankable, refer to Simplified imputation - franking a distribution (NAT 7134).

End of further information
    Last modified: 19 Oct 2012QC 16679