div ann., page-30

The announcement say 'partly-franked ... special dividend' but with no detail of the %, so presumably that will be announced before 23rd?

As a UK resident, it seems I get 15% Aus tax and then 20% UK tax, so I lose 32% of the divvy. Can anyone confirm this?

If the share price falls by more than 4.76c plus 2 x dealing cost, it will be worthwhile for me to sell before the ex-date and buy again after! Does this make sense or am I missing something?

Thanks fieldsman

http://www.hmrc.gov.uk/manuals/dtmanual/dt2657.htm
http://law.ato.gov.au/atolaw/view.htm?rank=find&criteria=AND~Australian~basic~exact:::AND~dividend~basic~exact:::AND~tax~basic~exact:::AND~UK~basic~exact:::AND~Residents~basic~exact&target=JA&style=java&sdocid=AID/AID2003854/00001&recStart=1&PiT=99991231235958&recnum=4&tot=77&pn=ALL:::ALL