Question 11-4

Daniel, a resident of Italy, receives the following distributions from Australian companies during the 2020/21 tax year:

$2,600 unfranked dividend on 3 October 2020

$1,400 fully franked dividend on 21 November 2020

$900 dividend franked 65% on 1 March 2021, and

$4,950 fully franked dividend on 26 April 2021.

Explain the Australian income tax consequences that arise for Daniel from receiving these dividends.