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Dividend imputation was introduced in Australia in 1987 by the Hawke–Keating Labor Government to create a "level playing field" and stopping the double taxation. The company tax rate was reduced to 39% in 1988 and 33% in 1993, and increased again in 1995 to 36%, to be reduced to 34% in 2000 and 30% in 2001, [ 2 ] [ 3 ] where it has been since.
The 2024 Dunstan state by-election is held in South Australia which is triggered by the resignation of Steven Marshall. [172] The result sees Labor candidate Cressida O'Hanlon become the new member, defeating Liberal candidate Anna Finizio.
The first income tax in Australia was imposed in 1884 by South Australia with a general tax on income. Federal income tax was first introduced in 1915, as a wartime measure to help fund Australia's war effort in the First World War. Between 1915 and 1942, income taxes were levied by both State governments and the federal government.
The 2024 Australian federal budget was delivered on budget night at 7:30pm on Tuesday, 14 May 2024 by Treasurer Jim Chalmers. [2] The budget will dictate how the Australian Government will allocate an estimated A$715 billion across the federal government, and to state and territory governments. [ 1 ]
The dividend is taxed like any other dividend (including with any dividend imputation), and the shares are taken to be acquired for the cash the shareholder did not receive. The investor would need to keep a record of each parcel of shares received under a dividend reinvestment plan, including issue dates and amounts of dividend applied towards ...
A 1.25% efficiency dividend was introduced by the Bob Hawke Government in 1987–88. It was reduced to 1% from 1994–95 to 2004-2005 then increased to 1.25% from 2005 to 2006. For 2008-09 a one-off 2% efficiency dividend on top of the ongoing efficiency dividend was applied. In 2011-12 it was 1.5% and in 2012-13 another extra one-off 2.5% was ...
With origins in pharmacy operations (of the same name), today Soul Patts owns a diverse portfolio of investments in various asset classes (equities, private companies, private credit, and property). Soul Patts has never missed paying a dividend since 1903, increasing dividends every year since 2000.
Argo Investments Limited was established in Adelaide, South Australia in 1946 by Kevin Ward QC, solicitor, and Alf Adamson, a chartered accountant who had previously worked on company valuations. Donald Bradman was chairman of the company from 1982 to 1984.
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