A dividend of $500 representing 10 cents per share, paid by a company out of income derived from mining in Australia and paid to a resident taxpayer is assessable income in the hands of the shareholder Selected aniswer will be automatically saved. For keyboard navigation, press up/down arrow heys to select an aitsweir. TRUE FALSE (II) Question 15 An Australian resident taxpayer must quote their income tax file number when opening interest-bearing accounts or deposits are made with financial institutions Selected answer will be automatically saved. For keyboard navigation, press up/down arrow keys to select an answer. a tRUE FALSE Section 97 ITAA36 assesses the net income of the trust. estate as follows Selected answer will be automatically saved. For heyboard novigation, piess up/down arrow keya to select an answel. assess the beneficiary where that beneficiary is both presently entitled to a share of the net income of the a. trust estate (i.e. the beneficiary has an interest in the income which is vested in interest and vested in possession) b assess the beneficiary where that beneficiary has a present and tegal right to demand and receive payment c. assess the beneficiary where that beneficiary is not under a legal disability d All of the above Under Division 7A ITAAG, a private company will be taken to have paid an unfrankable dentimet dividend to one of its shareholderif a the company makes a payment which includes any ampunt credited to or on behall of, or foe the benelit.of the shareholder S IO9C ITAA36 b the company makes a toan to one of its shareholders and the loan remains unpaid as at the locigement date: 5,1090 ITAA 6 c the company forgives a debt owed by one its shareholders to it: s.109E 17AA36