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International Investing / Australia (All-Ordinaries)


Subject:  Re: 45 day rule? Date:  4/25/2001  8:57 AM
Author:  wappinghigh Number:  2255 of 6186

I think this applies to franking credits only. Section 160APHE of Income Tax Assessment ACT 1936 "45 days commencing after the shares go ex dividend before you can claim franking credits." Ralph was mooting reducing this to 15 day's in the infamous "report" ...but fat chance with the government's current tax agenda! I don't think this 45 day rule applies to claiming the dividend outright..I thought that was simply when the register closes. Regards AB
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