Complete the entity's name, address and Australian business number and the remaining labels in Section A. All parts of Section A must be completed for this franking account tax return to be complete.
Is this a subsequent franking account tax return for the income year?
This question should only be answered Y for yes if this is a subsequent franking account tax return that is being lodged because, either:
- the corporate tax entity has received a refund of income tax that affects its franking deficit tax liability-see A refund of income tax affecting a franking deficit tax liability, or
- the corporate tax entity is a late balancing entity that:
- elected to have its franking deficit tax liability determined on 30 June
- was required to lodge a franking account tax return on or before 31 July 2003 disclosing a franking deficit tax liability, and
- has an over-franking tax liability and/or an obligation to disclose a significant variation in its benchmark franking percentage.
If this is a subsequent franking account tax return for the income year print Y for yes in the box at this question; otherwise print N for no.
For more information see Over-franking tax and Section C Significant variation in benchmark franking percentage in these instructions.