Investments, credits and refunds

Franking credits attached to franked dividends received by the following organisations may be refundable, provided the eligibility criteria are met; registered charities that are exempt from income tax, deductible gift recipients (DGRs), developing country relief funds, and exempt institutions that are eligible for a refund under a Commonwealth law other than the income tax law.

PAYG withholding applies if a not-for-profit organisation does not provide its ABN or TFN to its investment body. Under the PAYG withholding requirements, investment bodies (such as banks, building societies, unit trusts or public companies) must withhold an amount from the interest or dividends they pay unless you have quoted your ABR or TFN, or have claimed an exemption from quoting your TFN.