Document ID: chunk:federal_register_of_legislation:F2024L00550:reg:10
Version: federal_register_of_legislation:F2024L00550
Segment Type: reg
Provision Reference: reg 10
Character Range: 25889–27042

10  When a franking return must be lodged
  Every corporate tax entity that is required to lodge a franking return for the 2024 year must lodge the return by the last day of the month following the end of the year of income in which an event referred to in paragraph 9(a) or 9(b) occurred, unless a provision of a taxation law requires the corporate tax entity to give the Commissioner a franking return within 14 days of receiving a refund.
Note 1: Every late balancing corporate tax entity that elects to have its franking deficit tax liability determined on 30 June 2024 and incurs a liability to pay franking deficit tax under Division 205 of the ITTPA 1997 must lodge a franking return by 31 July 2024, unless a provision of a taxation law requires the corporate tax entity to give the Commissioner a franking return within 14 days of receiving a refund.
Note 2: Section 214-45 of the ITAA 1997 or section 214-15 of the ITTPA 1997 may apply to require a corporate tax entity to give the Commissioner a franking return within 14 days of receiving a refund. In these circumstances the corporate tax entity must lodge a return within that timeframe.