• Definitions

    Conduit foreign income




    End of attention


    Distribution statement

    Managed funds or unit trusts send a distribution statement (also called a taxation statement) to investors. The statement may include any unfranked dividends, franked dividends, TFN amounts withheld and franking credits.

    Dividend income

    If you own shares in a company, you will generally be paid a share of the company's profits as a dividend.

    Dividend statement


    Franked dividend

    Franked dividends are paid to shareholders (or holders of non-share equity interests) out of profits on which the company has already paid tax.

    Franking credit

    A franking credit is your share of tax paid by a company on the profits from which your dividends or distributions are paid. A franking credit can also be referred to as an imputation credit, imputed tax credit, imputed credit, class C imputation credit, imputation tax credit, class C imputed credit, Australian franking credit or Australian imputed tax credit at the rate of 30%.

    Imputation credit

    See Franking credit above.

    Managed fund

    A managed fund is generally run by an organisation that manages investors' money through a diversified portfolio for a fee. Managed funds may include investment in any or all of the major asset groups such as cash, bonds, shares and property.

    New Zealand imputation credits

    New Zealand imputation credits are credits arising under New Zealand's imputation system. Australian imputation credits are now called franking credits.

    We cannot refund your New Zealand imputation credits but will refund Australian franking credits attached to dividends you receive from a New Zealand company.

    Non-share equity interest


    Supplementary dividend


    Tax file number (TFN) amounts withheld


    Total dividend income


    Unfranked dividend


    Last modified: 30 Jun 2008QC 27930