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Refund of franking credits instructions and application for individuals 2014-15

Use these instructions to help you complete the application for refund of franking credits for individuals.

Last updated 12 February 2019

How to get this publication

The Refund of franking credits instructions and application for individuals is available in Portable Document Format (PDF) at:

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What is a refund of franking credits?

What are franking credits?

When you own shares or non-share equity interests in a company or when you invest in a managed fund, you might receive dividend distributions.

Dividends paid to you by Australian companies and some New Zealand companies are taxed under a system known as imputation. The tax paid by the company is allocated (or imputed) to you as franking credits attached to the dividends you receive.

When are franking credits refunded to you?

If the franking credits you receive exceed the tax you have to pay, you can claim this difference back as a tax refund. This is what is known as a refund of excess franking credits.

You may be entitled to a refund of the full amount of franking credits received, even if you don’t normally lodge a tax return.

You can fill in the application yourself following the simple step-by-step instructions, or with help from our free services. If you are not familiar with some of the terms used, see Definitions.