Taxation Ruling

IT 2417A1 - Addendum

Income tax: Imputation of Company Tax: Form approved by Commissioner of Taxation for issue to shareholders receiving dividends

  • Please note that the PDF version is the authorised consolidated version of this ruling and amending notices.
    This document has changed over time. View its history.


This Addendum is a public ruling for the purposes of the Taxation Administration Act 1953. It amends Taxation Ruling IT 2417 to reflect the changes to the law resulting from the operation of the New Business Tax System (Imputation) Act 2002.

Taxation Ruling IT 2417 is amended as follows:

1. Paragraph 3

Omit 'rebate'; substitute 'tax offset'.

2. Paragraph 4

Omit 'section 46 rebate'; substitute 'tax offset under section 207-20 of the Income Tax Assessment Act 1997 (ITAA 1997) equal to the franking credit'.

3. Paragraph 6

Omit subparagraph (a); substitute:

section 202-75 of the ITAA 1997 requires an entity to make a frankable distribution to provide the recipient with a distribution statement. The statement must be given on or before the day on which the distribution is made, unless the entity is allowed to give the statement at a later time under subsection 202-75(3). A statement must include the following details under subsection 202-80(3):

identify the entity making the distribution; and
state the date on which the distribution is made; and
state the amount of the distribution; and
state that there is a franking credit of an amount specified on the distribution; and
state the franking percentage for the distribution; and
state the amount of any withholding tax that has been deducted from the distribution by the entity; and
include any other information required by the approved form that is relevant to imputation generally or the distribution.

4. Paragraph 7

Omit 'paragraph (c)'; substitute 'paragraph (g)'.

5. Paragraph 9

Omit the paragraph.

6. Legislative References

Omit 'section 46 rebate' substitute section 207-20'; section 202-75; section 202-80'.

This Addendum applies on and from 1 July 2002.

Commissioner of Taxation
7 August 2013


ATO references:

ISSN 0813-3662

Related Rulings/Determinations:

IT 2417

IT 2417A1 - Addendum history
  Date: Version: Change:
  7 August 2013 Original addendum  
You are here 21 August 2013 Consolidated Addendum Erratum