What organisations are entitled?
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To be entitled to refunds of franking credits, your organisation must be either an endorsed income tax exempt charity or a deductible gift recipient.
What charities are entitled?
To be entitled, a charity must:
- have an Australian business number (ABN)
- be endorsed as an ITEC, and
- be a resident.
What deductible gift recipients are entitled?
To be entitled, a deductible gift recipient must pass one of the following tests:
- is endorsed in its own right as a DGR
- has an ABN, and
- is a resident
- as an ABN
- is a resident, and
- is specifically named in a table in Subdivision 30-B of the Income Tax Assessment Act 1997.
- It is a public fund declared by the Treasurer to be a relief fund.
Under the second test, the DGR does not need to be endorsed.
Entitlement to a refund of franking credits is also subject to anti-avoidance rules. For more information about these rules, please refer to our website www.ato.gov.au