There is an excess of franking credits over company tax payable, but TaxPlan doesn’t show any tax refund to the company?

In the scenario where a  company in TaxPlan has tax payable amount of for example $10,000 but against this it has franking credits of $17,00, there is no refund and the company is excluded from the summary.

TaxPlan is correct – there is no refund of excess franking credits to a company. Generally, only individuals and super funds receive a refund of any excess franking credits.

The ATO explains it this way:

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.

Please see this link on the ATO website: Refunding excess franking credits | Australian Taxation Office (ato.gov.au)