Sorry Timwins. I am not wrong. Let me explain it to you.
I company makes (say) $100 profit on your behalf. It gives $30 to the ATO and $70 it gives to you with a franking credit of $30.
When you do you tax return, your income from the company is $100.
When the tax payable/tax refund section is completed the tax that you are required to pay is reduced by the $30 the company has already paid on your behalf. Of course, if your income is so low you don't have to pay tax then the ATO will return the $30 to you.
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Last
14.8¢ |
Change
-0.003(1.67%) |
Mkt cap ! $415.7M |
Open | High | Low | Value | Volume |
15.0¢ | 15.0¢ | 14.5¢ | $96.13K | 647.3K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
56 | 4518313 | 14.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
15.0¢ | 2353614 | 30 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
53 | 4370572 | 0.145 |
74 | 4287798 | 0.140 |
38 | 2319620 | 0.135 |
32 | 1344052 | 0.130 |
7 | 111797 | 0.125 |
Price($) | Vol. | No. |
---|---|---|
0.150 | 2363524 | 31 |
0.155 | 1486580 | 30 |
0.160 | 1598727 | 18 |
0.165 | 628500 | 10 |
0.170 | 539637 | 12 |
Last trade - 12.50pm 16/07/2025 (20 minute delay) ? |
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