• Section A

    Attention

    Warning:

    This information may not apply to the current year. Check the content carefully to ensure it is applicable to your circumstances.

    End of attention

    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?

    Only answer 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 2005 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 X in the yes box at this question; otherwise print X in the no box.

    For more information, see Over-franking tax and Section C Significant variation in benchmark franking percentage.

    What is your franking account balance at the end of the period?

    Write the amount of your entity's franking account balance (including nil balances) at the end of the income year (or the 12 month period ending on 30 June) or immediately before it ceased to be a franking entity or, in the case of a New Zealand franking company, its election to join the Australian imputation system is revoked or cancelled. In the code box next to the amount, print S if you have a surplus or D if you have a deficit.

    What is your venture capital sub-account balance at the end of the period?

    If your entity is a pooled development fund (PDF) or it ceased to be a PDF during the income year, write the amount of your venture capital sub-account balance (including nil balances) at the end of the income year (or the 12 month period ending on 30 June) or immediately before the entity ceased to be a PDF. In the code box next to the amount, write S if you have a surplus or D if you have a deficit. If your entity is not a participating PDF and you do not know the balance of your venture capital sub-account, print unknown instead of the amount.

    Last modified: 18 Sep 2008QC 18007