Commonwealth Consolidated Acts

INCOME TAX ASSESSMENT ACT 1997 - SECT 214.25

  (1)   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.

  (2)   The return must be in the * approved form.