Get the franking account tax return
Go to the Franking account tax return 2025Opens in a new window on our Publication Ordering Service (POS) at iorder.com.au to get a copy.
Get the franking account tax return instructions
The Franking account tax return instructions 2025 are not available in print.
You can create and save a PDF copy from this webpage – select the Print or Download icon under the page heading then select PDF whole topic.
For help regarding debits and credits to your franking account you may also refer to the Company tax return instructions 2025.
Who needs to complete a franking account tax return
Complete a Franking account tax return 2025 for all corporate tax entities and New Zealand franking companies that have:
- a liability to pay franking deficit tax (FDT)
- a liability to pay over-franking tax (OFT)
- an obligation to notify the Commissioner of Taxation in relation to any significant variation in their benchmark franking percentage between franking periods.
If there is such a liability or notification obligation, the entity is required to complete section A and the remaining items on the Franking account tax return that are relevant to that liability or obligation.
If there is no such liability or notification obligation, there is no need to lodge this tax return.
An entity is a corporate tax entity if it is a:
- company
- corporate limited partnership
- public trading trust.
A company is a New Zealand franking company if the company:
- is a New Zealand resident company, and
- has made an election to join the Australian imputation system.
The Australian imputation rules generally apply to a New Zealand franking company in the same way as they apply to an Australian corporate tax entity. Special rules also apply, see Trans-Tasman imputation special rules.
Continue to: About the franking account tax return