What impact do the franking credit trading rules have on your organisation’s entitlement to claim a refund of franking credits?
Your organisation’s entitlement to a refund may be affected by the holding period rule and the related payments rule. The holding period rule requires your organisation to hold shares at risk for at least 45 days (or 90 days for preference shares) during the primary qualification period to be eligible for a refund. If the organisation is under no obligation to make a related payment, this rule only needs to be satisfied once for each purchase of shares. The primary qualification period means the period commencing the day after the organisation acquires the shares and ends 45 days after the shares go ex-dividend. The related payments rule applies if your organisation has made, or is under an obligation to make, a related payment in relation to a dividend. The related payments rule requires your organisation to hold shares at risk for at least 45 days (or 90 days for preference shares) during the secondary qualification period to be eligible for franking benefits. This rule must be satis
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