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The dividend statement

Last updated 10 February 2020

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.

In the following example there is an example of a shareholder dividend statement.

Example

On 15 February 2001 an Australian resident company, OPQ Ltd, paid John Citizen, a resident individual, a fully franked dividend of $660 and an unfranked dividend of $200. John received the dividend statement shown below from OPQ Ltd.

End of example

We will follow the OPQ example through the next few sections of this booklet to see what John needs to do with the information.

OPQ example

OPQ Limited ABN 00 000 000 000 Shareholder dividend statement Notification of 2000 final dividend ­- paid 15 February 2001 Security description: Ordinary shares No. of shares: 6,400 Unfranked amount: $200 Franked amount: $660 Imputation credit: $340 TFN amount: $0 Net dividend: $860 Please note that your tax file number has been received 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

John Citizen's assessable income for 2000–01 in respect of the dividend is:

Item

Amount

Amount of franked dividend

$660

Imputation credit

$340

Unfranked dividend

$200

Total assessable dividend income

$1,200

 

End of example

If these are the only dividends John Citizen was paid or credited for the income year, he can transfer these amounts directly to item 11 on his 2000–01 tax return.

QC27385