“We’ve heard that the current franking credit disclosures required by the Australian Accounting Standards - the disclosure of the amount of franking credits available for use in the subsequent reporting periods - may not be sufficient to meet user needs,” said AASB project manager Maggie Man.
“We’re interested to get feedback on how the AASB can improve the franking credit disclosure requirements including:
- whether additional information on franking credits should be disclosed; and
- how such information would be utilised in decision-making.
“As such, we welcome any FINSIA members to share any concerns or feedback on this matter.”
Please contact Maggie Man [email protected] or [email protected] for any information by May 19, 2023.”
