Sentences with phrase «excess franking credits»

Given the low rate of tax paid by superannuation funds, their ability since 2000 to recoup excess franking credits, and the large difference in tax effect between working and pension members, one would assume that super trustees would be among the most tax aware of investment fiduciaries.

This situation was remedied in 2000 when the tax laws were amended to allow excess franking credits to be claimed by low rate (and tax exempt) taxpayers.

Not exact matches

Among the nation's largest institutional investors, super funds could not take advantage of the «excess» franking credits they were receiving.