Simplified Imputation seminar paper

Published on 11 Apr 03 by SOUTH AUSTRALIAN DIVISION, THE TAX INSTITUTE

New changes to the imputation system and other recent legislative development will require all corporate entities to review existing dividend strategies, in order to ensure that shareholder valued is maximised. The impact of these measures on dividend strategies are considered in this seminar paper, with particular emphasis on simplified imputation, illustrated by practical examples.

Topics covered include:
- the imputation changes and how franking has been simplified
- implications of simplified imputation for dividend policies/strategies
- streaming rules
- valuing the benefit of franked dividends for shareholders in light of recent legislative developments
- returning funds to shareholders and maximising shareholder value
- maximum franking percentage and the benchmark rule.

Author profile

Scott Bryant

Scott is a Senior Tax Partner in the PwC International network with more than 30 years Professional Services experience in a wide range of Industry, Client facing and Firm Leadership roles. Based in Adelaide, Scott has also worked in a number of markets and most recently Tokyo, advising a wide range of multi-national, listed and large private companies on market entry and associated tax issues. Scott is a former Taxation Institute SA State Councillor, SA Education Committee member, CTA and is a regular presenter of taxation related papers and topics both locally and nationally. - Current at 13 November 2019

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