Franking and Imputation Rules

Explore the mechanics of Australia’s imputation system, from franking accounts to dividend payments and more.

In this session, we cover:

• Australia’s imputation system

  • Dividends

  • Franking credits

  • Unfrankable distributions

  • Distribution statement

• Franking

  • Maximum franking credit

  • Benchmark franking percentage

  • Over- or under-franking

  • Variation in benchmark rate

• Franking account

• Case study

• Franking deficit tax and Franking returns

  • Franking deficit tax

  • Franking account tax return