Fact Scenario 6 - Income from Property Freya owns 1000 shares in PacWest. She receives a dividend of 70c per share. She also receives a franking credit of $30c per share. Required: Explain the tax treatment of the dividend and the franking credit. Fact Scenario 7 - Income from Property Robert, an Australia resident taxpayer, has three investments: a $25,000 term deposit with the Commonwealth Bank, paying 3% interest per year; an investment property in Belconnen - the apartment is rented out for $620 per week; and he assigned the copyright in a book he wrote about rare birds of the ACT to a publisher who agreed him to pay him 10% of the proceeds from the sale of each book. He received $10,000 in royalties. Required: Referring to relevant case law, discuss whether the amounts received are assessable income under section 6-5 of the ITAA 1997.