Show download pdf controls
  • Instructions for the worksheet

    Attention

    Warning:

    This information may not apply to the current year. Check the content carefully to ensure it is applicable to your circumstances.

    End of attention

    If you have more than one dividend or distribution statement, follow these steps to fill in the worksheet and calculate the amounts to show at item 11 on your application.

    Step 1

    Collect all the statements for dividends you received and for distributions you were entitled to for the period 1 July 2006 to 30 June 2007. Using steps 2 to 4 transfer the information from each statement to the appropriate columns in the worksheet.

    Step 2

    Print the company or fund name shown on your statement under Company or fund.

    Step 3

    Write the amount of any unfranked (or supplementary), franked or franking credit amounts in the appropriate columns.

    If your dividend is from a New Zealand company, and

    • you paid New Zealand non-resident withholding tax on that dividend, and
    • that company paid you a supplementary dividend then you must subtract the amount of that supplementary dividend from the amount of franking credits that you include in the worksheet.

    Do not include New Zealand imputation credits in column 4 (only include Australian franking credits).

    Note: If your statement does not show the franked and unfranked portions of the dividend, include the total dividend amount in column 3 Franked amount.

    Step 4

    Write any TFN amounts withheld (or deducted) from dividends in column 5.

    Step 5

    Add up the amounts in columns 2, 3, 4 and 5 and write the total for each column at Total - S, T, U and V respectively on the worksheet.

    Step 6

    Print X at the YES box at item 11 on your application, if you have received:

    • any dividend distributions from a managed fund, or
    • Australian franking credits from a dividend paid by a New Zealand company.

    Step 7

    Transfer the amounts at S, T and U on your worksheet to S, T and U at item 11 on your application. Do not show cents.

    Step 8

    Transfer the amount at V on your worksheet to V at item 11 on your application. Show cents.

    Worksheet

    Column 1: Company or fund

    Column 2: Unfranked amount
    S

    Column 3: Franked amount
    T

    Column 4: Franking credit
    U

    Column 5: TFN amount withheld
    V

    -

    $

    $

    $

    $

    -

    $

    $

    $

    $

    -

    $

    $

    $

    $

    -

    $

    $

    $

    $

    -

    $

    $

    $

    $

    -

    $

    $

    $

    $

    -

    $

    $

    $

    $

    Total

    S

    T

    U

    V

    Transfer the totals for S, T and U to the application. Do not show any cents.

    Transfer the total for V to your application. Show cents.

    Note: This worksheet is to help you work out the amounts you need to put on your application. You do not need to send this worksheet to us.

    Example

    Steven received a dividend statement from Teleco Ltd. His statement showed a franked amount of $42.00 and a franking credit of $18.00.

    The statement below is just an example. There are many different formats of statements.

    Teleco Ltd
Steven McKay 2 Cable Circle Telegraph Point NSW 2441
Security holder reference number: 018 012 111
Date paid: 30 October 2006
Fully franked final dividend for hte period ended 30 June 2006. Franked at a 30% rate.
Class description: ordinary shares
Dividend rate per ordinary shares: 7 cents
Number of ordinary shares: 600
Franking credit: $18.00
Unfranked amount: nil
Franked amount: $42.00
TFN quoted
Dividend paid: $42.00

    Steven also received three other statements:

    • JT Corporate Unit Trust - his dividend statement showed $120.73 unfranked amount.
    • Koles Bier Pty Ltd - he did not give the company his TFN so his entitlement of $180 unfranked amount had $83.70 tax withheld (therefore he actually received $96.30).
    • SDW Managed Investment Fund - his distribution statement shows a franked dividend amount of $131 and a franking credit of $56.14.

    Steven would complete the worksheet like this:

    Column 1: Company or fund

    Column 2: Unfranked amount
    S

    Column 3: Franked amount
    T

    Column 4: Franking credit
    U

    Column 5: TFN amount withheld
    V

    Teleco Ltd

    -

    $42.00

    $18.00

    -

    JT Corp Unit Trust

    $120.73

    -

    -

    -

    Koles Bier Pty Ltd

    $180.00
    (see Note)

    -

    -

    $83.70

    SDW Fund

    -

    $131.00

    $56.14

    -

    Total

    S $300.73

    T $173.00

    U $74.14

    V $83.70

    Transfer the totals for S, T and U to your application. Do not show cents.

    Transfer the total for V to your application. Show cents.

    Note: This amount includes both the amount received by Steven and the TFN amount withheld ($96.70 + $83.70).

    Steven completes the dividend details at item 11 on his application like this:

    11 Dividends
Did you receive any dividend distributions from a managed fund or Australian franking credits from a New Zealand company? Yes
Label S Unfranked amount: $300
Label T Franked amount: $173
Label U Franking credit: $74
Label V Tax file number amounts withheld from dividends: $83.70

    Steven will receive a refund of $157.70 if he has no outstanding tax debts. This is made up of the amount withheld because he didn't provide his TFN ($83.70) plus his franking credit ($74).

    End of example
    Last modified: 13 Feb 2019QC 27903