This consultation process has now been completed. Submissions available
Date
-
Consultation Type
Discussion Paper
Key Documents
On 14 May 2013 the Deputy Prime Minister and Treasurer announced reforms to close a loophole that currently enables sophisticated investors to engage in ‘dividend washing’ from 1 July 2013. This is a process that allows sophisticated investors to effectively trade franking credits, and can result in some shareholders receiving two sets of franking credits for the same parcel of shares. This is outside the intent of the dividend imputation system.
This discussion paper forms the basis for consultation on the design and implementation of the reform proposal.