Franking account return
When a lodgment obligation exists, you must lodge a franking account tax return.
If there is an amount payable, franking account returns are due for lodgment on the last day of the month following the end of the income year. The franking deficit tax is also payable on this date.
A lodgment date of 31 October exists when both of the following apply:
The due date for lodging your clients’ franking account return depends on whether there is an amount payable or not.
- The franking account return is a disclosure only (no amount payable).
- The taxpayer is a 30 June balancer.