The SIS affects the way companies distribute their taxed profits, as well as the dividend strategies used to maximise shareholder value.
Topics covered in this seminar included:
- the imputation changes and how franking has been simplified
- the implications of simplified imputation for dividend policies/strategies
- 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 (including disclosures to the ATO)
- interaction with tax consolidation rules
- impact on accounting note disclosures
- changes to the Simplified Imputation rules since their introduction.