NOV 5.56% 3.4¢ novatti group limited

Novatti - The $1 party, page-3783

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    Not refundable
    For corporate entities such as companies, the franking credit is not refundable. A tax offset can reduce the entity’s tax liability to nil, but is not refunded if it exceeds the tax liability. However, the entity may convert any excess franking credit tax offsets to a tax loss which may be carried forward to future years.
    www.ato.gov.au/business/imputation/receiving-dividends-and-other-distribution…

 
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