Published on 16 May 13
by NEW SOUTH WALES DIVISION, THE TAX INSTITUTE
This paper examines the dividend and franking implications of the 2010 amendments to s254T of the Corporations Act 2001 and the consequential amendments that were made to the tax legislation, together with the proposed “refinements” to those measures.
The focus of the paper is on:
- the new concept of “dividend” for Corporations Act purposes
- the impact of the legislative reforms on the tax concept of “dividend” and the franking of dividends
- the Commissioner’s views
- the potential impact of the future reforms.
James is director of Greenwoods & Freehills Pty Limited. He joined Greenwoods & Freehills in July 1991 and was appointed a director in July 1998. James advises on a wide range of corporate tax matters and goods and services tax for clients primarily in the finance, infrastructure, property and manufacturing sectors.
Current at March 2004 Current at 22 February 2013
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