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  • Franking credits

    Situations that attract our attention include:

    • entities incorrectly claiming franking credits or not applying appropriate governance to their franking credit balance (see Imputation and Integrity rules)
    • a substantial increase in, or refund of, franking credits
    • arrangements to access franking credits through an entity with a concessional tax rate, such as a superannuation fund.

    For information on structured arrangements, see TA 2018/1 Structured arrangements that provide imputation benefits on shares acquired on a limited risk basis around ex-dividend dates.

    Last modified: 24 Aug 2022QC 69478