Eligible endorsed income tax exempt entities
To be eligible for a refund of franking credits, an entity must meet all of the following requirements:
- have an Australian business number (ABN)
- satisfy the residency requirement
- be a charity endorsed by us to access income tax exemption or be endorsed by us as an income tax exempt fund.
Eligible deductible gift recipients
To be eligible for a refund of franking credits, a deductible gift recipient (DGR) must meet all of the following requirements:
- have an ABN
- satisfy the residency requirement
- be endorsed by us as a DGR in its own right or be a DGR listed by name in the Income Tax Assessment Act 1997.
A DGR must be endorsed in its own right. It is not sufficient if your DGR is only endorsed in relation to a fund, authority or institution that it operates, such as a school building fund.
Residency requirements
A non-profit organisation will satisfy the residency requirement if, at all times during the income year for which it is applying for a refund, the organisation meets both of the following requirements:
- it has a physical presence in Australia
- to the extent that it has a physical presence in Australia, it incurs its expenditure and pursues its objectives principally in Australia.
Check if your organisation is eligible
To check if your organisation is a DGR, a charity endorsed to access income tax exemption or an endorsed income tax exempt fund:
- visit the ABN Lookup websiteExternal Link
Developing country relief funds
An entity is eligible for a refund of franking credits if it is a public fund declared by the Treasurer to be a developing country relief fund, and it has not been prescribed by regulation as ineligible for the concession.