Bank investors eye franking prize

Investors in bank stocks could be due for a franking boost.

Prime Minister Tony Abbott has agreed to include the issue of mutual recognition of franking credits with New Zealand in the federal government’s forthcoming Tax Reform White Paper.

Australian bank investors could save up to $900 million in tax credits if Australia were to recognise franking credits on earnings from the New Zealand arms of the “big four” banks.


SMS Code Sent…

Hi {{ user.FirstName }}

Looks like you've already taken a free trial

We have sent you a code via SMS to {{user.DayPhone}}

please enter this code below to activate your membership

If you didn't receive SMS code please

Looks you are already a member. Please enter your password to proceed

Verify your mobile number to unlock a FREE trial

Please sign up for full access

Updating information

Please wait ...

Related Articles