- Any of these dividends of Gareth are Unfranked Amount assessable, Franked Amount assessable or Franking Credit: BHP $830; CBA $2,400; Westfarmers $700 (in what each of these are label S, label T or label U, reasons and evidence for each of these receipts if it belongs to Unfranked, Franked Amount assessable or Franking Credit, in what quote in what section of Australia income tax law? , the total $ for each category and the total for all?

Australian Shares:

The details of Gregs share portfolio and dividends received during the 2022/23 income year as follows:

Company Name	Date of dividend paid	Cash received (franking percentage)
BHP	31/7/22	$830 (fully franked)
CBA	15/5/23	$2,400 (60% franked)
Westfarmers	1/6/23	$700 unfranked.

In the case of all dividends, the company tax rate was 30%

Addition Information:

Gareth is an Australian resident, 49 years old, he is an employee teacher working for Brisbane Secondary College and has been working as an English teacher since he completed his Diploma 15 years ago. Gareth is completing a Master of Education at Griffith part-time. He attended classes two nights a week during each Semester. He lives with his defacto partner Tracey and they have no dependants. Tracey owns the house at St Lucia and purchased it back in 2013. Tax File Number: 111 222 333

Gareth has supplied the information below relating to his personal income tax affairs for the year ended 30 June 2023.

Gareth wants to use the diminishing value method to calculate any decline in value deduction claims and he does not wish to pool any low value assets.

Gareth is not registered for GST.

Gareth does not have any health insurance.

Gareth does not want to use electronic funds transfer (EFT) if he is entitled to a refund.

Assumed that the details given are all of Gareths receipts and expenditure for the 2022/23 income year, and that all of his expenses are properly substantiated.

Gareth does not have a HECS/HELP debt, nor does he have a financial supplement debt or any post-graduate FEE-HELP debt.

Gareth did not receive any trust distributions.