Dividend from Australian Companies

Artcore

Not a managed fund/trust distribution, normal share dividend.

有没有同学看到过:

Dividend from Australian Companies that has foreign component?

除了Unfranked, Franked and Franking Credits, 它还有foreign component, i.e.

Foreign Modified Passive
Foreign Tax Credit

好像NAB的分红就是这样的, 谁可以帮俺核实?

[ 本帖最后由 Artcore 于 2009-6-25 13:50 编辑 ]

糊里糊涂

看着很糊涂,等待各位高手答疑.

[ 本帖最后由 糊里糊涂 于 2009-6-26 11:40 编辑 ]

LONELYMELBOURNE

原帖由 Artcore 于 25-6-2009 13:44 发表
Not a managed fund/trust distribution, normal share dividend.

有没有同学看到过:

Dividend from Australian Companies that has foreign component?

除了Unfranked, Franked and Franking Credits, 它 ...

很正常。

Artcore

AMP, AMC, NAB, etc.

This is from a Wrap Statement.

The funny thing is these dividends normally should be classified under Listed Securities/Shares rather than Listed Trusts/Managed Funds.

LONELYMELBOURNE

原帖由 Artcore 于 25-6-2009 15:47 发表
AMP, AMC, NAB, etc.

This is from a Wrap Statement.

The funny thing is these dividends normally should be classified under Listed Securities/Shares rather than Listed Trusts/Managed Funds.

It's quite normal for shares investment to have foreign income component.

Artcore

Can you show me a NAB/AMP/AMC or any Australian Company's Dividend Statement that has Foreign Modified Passive Inomce?

俺是没有看到过.

Artcore

如果你买US 的Microsoft Shares, 你收到的Dividend, 算Foreign Modified Passive Income.

但是如果你买的是NAB Ordinary Shares, 又怎会有 Foreign Modified Passive Income?

[ 本帖最后由 Artcore 于 2009-6-25 16:23 编辑 ]

LONELYMELBOURNE

原帖由 Artcore 于 25-6-2009 16:08 发表
Can you show me a NAB/AMP/AMC or any Australian Company's Dividend Statement that has Foreign Modified Passive Inomce?

俺是没有看到过.

说实话，天天都要看这些无聊的东西，早就看烦了

Artcore

能SCAN一分, 去掉Contact, 俺加分.

问题俺看到很多Dividend Statement, 就没看过有Foreign Modified Passive Inomce的 (不是managed fund distribution statement)

LONELYMELBOURNE

原帖由 Artcore 于 25-6-2009 17:31 发表
能SCAN一分, 去掉Contact, 俺加分.

问题俺看到很多Dividend Statement, 就没看过有Foreign Modified Passive Inomce的 (不是managed fund distribution statement)

Try this.

https://advisers.macquarie.com.a ... tment_manager08.pdf

Artcore

这个俺知道.

看来你还是没有明白我的意思.

As an Australian corporate tax entity, listed on ASX, it derives income both domestically and overseas. However all the profits passed through the Australia company as a profit distribution to shareholders, with a franked percentage (being 100% or less), the dividend received will be still regarded as domestic income.

If 100% franking %, then the dividend will be fully franked, you get franked amount, and franking credits (imputation credits).

If say 80% franking %, then the distribution will have unfranked divided, franked amount and franking credits.

Sometimes a corporate entity may derive what’s called Conduit Foreign Income. It arises where foreign income is received by a foreign resident through one or more interposed Australian corporate tax entities. This income is subject to tax when received by an Australian resident but it is generally not assessable or subject to dividend withholding tax when it is received by a non-resident. Therefore, it maybe separately disclosed in order to assist foreign shareholder with completing their tax. For Australian residents, the income is effectively taxed in the same manner as unfranked dividend income.

The Question is if foreign dividend paid to an Australian company, then distributed to Resident Shareholders, what is the nature of the distribution when it is paid to shareholder?  

But I think I kind of answered myself anyway.

LONELYMELBOURNE

原帖由 Artcore 于 26-6-2009 17:38 发表
这个俺知道.

看来你还是没有明白我的意思.

As an Australian corporate tax entity, listed on ASX, it derives income both domestically and overseas. However all the profits passed through the Austral ...

老大，俺明白你的意思，刚开始在firm做的时候就遇到过这个问题，于是乎请教我的manager，回答是do not spend too much time on the detail, just look at the big picture，我比较倔强，不太满意她的解释，但又敢怒不敢言，所以用自己的时间直接给高盛打电话索要更detailed statement和解释，印象中是flow through 的distribution，后来也就见怪不怪了，budget都那么low，还是look at big picture吧。