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  • The dividend statement

    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 an Australian company pays or credits you a dividend, the company should also send you a statement advising:

    • the amount of the dividend that is unfranked
    • the amount of the dividend that is franked
    • the amount of imputation credit
    • the amount of tax file number (TFN) withholding tax deducted if you have not quoted your TFN to the company.

    The following is an example of a shareholder dividend statement.

    O.P.Q. Limited ACN 000 000 000 Shareholder dividend statement Notification of 1999 final dividend - paid 15 February 2000
Security description: ordinary shares
No. of shares: 6400
Unfranked amount: $200
Franked amount: $640
Imputation credit: $360
TFN amount: $0
Net Dividend: $840
Please note that your tax file number has been recevied and recorded.
Please retain this advice for taxation purposes as a charge may be levied for a replacement.
Please advise promptly in writing any change of address.

    Example

    On 15 February 2000 an Australian resident company, O.P.Q. Ltd, paid John Citizen, a resident individual, a fully franked dividend of $640 and an unfranked dividend of $200. John received from O.P.Q. Ltd the dividend statement shown on the previous page.

    We will follow the O.P.Q. example through the next few sections of the publication to see what John needs to do with the information.

    End of example

     

    Example

    John Citizen's assessable income for 1999-2000 in respect of the dividend is:

    Label

    Amount ($)

    Amount of franked dividend

    640

    Imputation credit

    360

    Unfranked dividend

    200

    Total assessable dividend income

    1,200

    If these are the only dividends John Citizen was paid or credited for the income year, he can transfer these amounts directly to item 10 on his 1999-2000 tax return.

    End of example
    Last modified: 23 Dec 2019QC 16138