Income Tax Assessment Act 1997
A *corporate tax entity must include the following information in its *franking return for an income year:
(a) if the entity is a *franking entity at the end of the income year - its *franking account balance at the end of the income year; and
(b) if the entity ceased to be a franking entity during the income year - its franking account balance immediately before it ceased to be a franking entity; and
(c) if the entity is a *PDF at the end of the income year - its *venture capital sub-account balance at the end of the income year; and
(d) if the entity ceased to be a PDF during the income year - its venture capital sub-account balance immediately before it ceased to be a PDF; and
(e) the amounts (if any) of *franking tax which the entity is liable to pay because of events that have occurred, or are taken to have occurred, during the income year; and
(f) any other information required by the Commissioner for the purposes of administering this Part. 214-25(2)
The return must be in the *approved form.
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