Commonwealth Consolidated Acts Commonwealth Consolidated Acts(1) A franking return for a balancing period is in addition to any franking return that the entity is required to give to the Commissioner under Subdivision 214 - A of the Income Tax Assessment Act 1997 for the income year in which the balancing period ends.
(2) However, if an entity is required to give a franking return
for a balancing period, it is not required to include in its franking return
for the income year in which that period ends anything that should have been
included in the franking return for the balancing period.