• Offset against any outstanding tax liabilities

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

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    Normally, ITECs and DGRs can receive the full amount of the franking credits attached to the franked dividends they receive. However, if your organisation has any outstanding tax liabilities or other debts that are collected by the Tax Office, we will offset the amount of the refund claimed in the application against those outstanding tax liabilities or other debts. We will then refund to your organisation the amount of any remaining franking credits.

      Last modified: 20 Jul 2015QC 18199