Prompt: CMN.ATO.GEN.430098 Franking credit cannot be greeater than 48% of dividends - frank amount.
Guidance: To resolve this issue, ensure that the franking credit reported does not exceed 48% of the franked amount of the dividend. If the franking credit exceeds this limit, you may need to review the dividend and franking credit details to ensure they are correctly reported.
This is ATO rules and cannot avoid it, Franking credit should not be more than 48% of Franked distribution. If this franking credit is received indirectly via a partnership or other trust then it should be recorded at item 8 Partnerships and trusts. Learn more from the ATO
