The request sought the following analyses relating to the ‘Tax integrity — franked distributions funded by capital raisings’ measure from the 2016-17 Mid-Year Economic and Fiscal Outlook. The measure was costed according to Schedule 5 in the Treasury Laws Amendment Bill 1 2023 (the Bill) to increase revenue by $10 million per year.

1. How the forecast amount would change if it was assumed corporate Australia would reduce their overall corporate tax paid by:

• 0.5%
• 1%
• 5%
• 10%

2. The same as Item 1, but only for tax paid in each year that is not paid out in franked dividends.

The request further sought the following pieces of information:

3. The total franking paid out each year to unlisted companies below the Australian Securities and Investment Commission’s large company reporting threshold ($50 million)

4. Total franking credits claimed by philanthropic companies with deductible gift recipient status, including a breakdown of how much was from off-market buy-backs, special dividends and ordinary dividends.

The analyses were requested to be backdated to apply to distributions made on or after 15 September 2022. Ongoing projections were requested for Items 1 and 2, while Items 3 and 4 were requested for the most recent year available.