A Labor's Proposal for Dividend Imputation The Original System of Imputation

Changes in the Dividend Imputation System Till 2001, when the Labor government introduced the New System of Imputation for Dividends, the system was being managed under the following noted sections of the Income Tax Assessment Act, 1997 – s2005 defines the Imputation System s20010 explains about franking a distribution s20015 explains how to maintain the franking refund s20020 demonstrates how a distribution is franked s20720 illustrates how to calculate the Tax Liability of a frank