Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 21 - 30 of 190 results for "Franking credits"

Franking credit changes could backfire: SMSF Association

ANDREW MCKEAN  |  WEDNESDAY, 12 APR 2023
The SMSF Association is concerned over proposed laws that will impact franking credits for distributions funded by capital raisings. In a submission to the Senate Economics Committee, due to report on May 26, the SMSF Association said that amendments ...

Senate inquiry to scrutinise proposed franking credit rules

ANDREW MCKEAN  |  THURSDAY, 9 MAR 2023
A Senate Economics Committee inquiry will scrutinise the government's proposed changes to franking credits, which target share buybacks and capital raisings. In February, assistant treasurer and minister for financial services Stephen Jones introduced ...

Future Fund subsidiaries set to receive tax exemption

ANDREW MCKEAN  |  THURSDAY, 15 DEC 2022
... result, these subsidiaries pay corporate income tax, which is subsequently refunded to the Future Fund board via franking credits attached to the dividends paid to it. Treasury explanatory materials said the current tax arrangements result in unnecessary ...

Still potential for dividends growth: Ausbil

CASSANDRA BALDINI  |  TUESDAY, 29 NOV 2022
... "In fact, we see slightly higher payout ratios from some sectors where they have lost the ability to distribute franking credits through off-market buybacks." Price noted in recent years, resources companies overtook banks for the sheer quantum of dividends ...

Franking credit crackdown rife with unintended consequences: LICAT

ANDREW MCKEAN  |  WEDNESDAY, 28 SEP 2022
... prevent," LICAT said. The government prepared exposure draft legislation to prevent companies from attaching franking credits to distributions to shareholders made outside the company's normal dividend cycle. This would be to the extent that distributions ...

Will big super's unlisted investments amplify retirement savings?

ANDREW MCKEAN  |  WEDNESDAY, 24 AUG 2022
... significant advantages. "These include a familiar and simpler tax and legal framework, lower management costs, franking credits, reduced currency risk, lower geopolitical risks, and the benefits of being familiar with local networks and local business ...

KPMG spotlights super's biggest challenges

ANDREW MCKEAN  |  FRIDAY, 29 JUL 2022
... including limited tax relief for merger expenses to closing funds, Qualified Person status eligibility under franking credits holding (45 day) period rule, amongst others." Per the report, a burgeoning of financial crimes prevalence and sophisticated ...

HUB24, Class alter acquisition terms

KARREN VERGARA  |  TUESDAY, 14 DEC 2021
... for 11 Class shares - will now be eligible for any HUB24 financial year 2022 interim dividend and associated franking credits. As a result, Class agreed not to declare any dividend, including any ordinary interim dividend of up to 2.5 cents per share. ...

Magellan to move to higher tax rate

KANIKA SOOD  |  WEDNESDAY, 18 AUG 2021
... will reduce out after-tax earnings and cashflow, because we will be paying more tax, it will also increase the franking credits available to shareholders, and so the level of franking attached to dividends will likely increase," Magellan Financial Group ...

Profit boost for CBA, ups remediation bill

KARREN VERGARA  |  WEDNESDAY, 11 AUG 2021
... ratio sitting at a healthy 13.1%. "The buyback is a logical way for CBA to take advantage of surplus capital and franking credits and will provide a significant windfall for retirees and other low tax investors who value franking credits most," he said. ...