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A Franking Account Tax Return must be filed by whom? For all Australian business tax entities and franking corporations in New Zealand that have: • A liability to pay Franking Deficit Tax, individuals are advised to complete a Franking account tax return 2022, according to a tax agent in Melbourne (FDT) • A debt owed for Over-Franking Tax (OFT), • The Commissioner of Taxation must be notified of any significant variation in their benchmark franking percentage between franking periods. The trust that ceases to be a corporate unit trust or a public trading trust as a result of the 2016 revisions eliminating Division 6B and changing Division 6C is not required to file a tax return.
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