@Wazza3006 I see you must of found the link, so just to clarify it is going to happen this year to about 80 thousand pensioners so it will become automatic.Automatic assessments – refund of franking credits
During tax time 2019, we will provide an automatic notice of assessment to a number of individuals. These people won't need to submit a refund of franking credits form.
This follows the successful pilot during 2017 and 2018.
Who will receive an automatic assessment?
Approximately 80,000 individuals, who are aged over 60 years and held the same shares for the last two years, will be asked to participate.
Tax agent clients are not included.
How it works
Each year, information from share registries and other third-parties is reported and processed on our systems. This information is used for pre-filling tax returns, refund of franking credits forms, and other data-matching activities.
When we receive the information we expect, based on your previous share holdings, we will calculate and issue you a notice of assessment, and deposit your refund directly into your bank account.
We expect to start issuing assessments from mid-July, with most expected to be finalised by late-September. If you are one of the 80,000 individuals, we will send you a letter in mid-June detailing the process and indicate when you should expect your assessment.
https://www.ato.gov.au/Individuals/lodging-your-tax-return/in-detail/your-notice-of-assessment/?page=1#Automatic_assessments___refund_of_franking_credits
