Razor Imports Limited (RIL) is a Christchurch-based company that imports sports equipment and clothing from overseas, as well as running several retail stores in the main centres in New Zealand. It is a widely held company but is unlisted; it was incorporated on 1 April 2005. It has subscribed share capital of $30 million, comprising 30 million ordinary shares fully paid. RIL provides a list of the following transactions it entered into for the 2023 imputation year. All figures are in 000 and in NZ$. (a) 1 Apr. 2022 Opening balance of RIL's ICA account is $1,750 (credit). (b) 15 Apr. 2022 RIL receives a dividend of $850 from an Australian company with franking credits of $275 attached (and $45 of imputation credits). It also pays GST of $590. (c) 21 May 2022 RIL receives a dividend of $450 from a New Zealand company. Imputation credits attached to this dividend are 25% of the maximum allowable, with RWT withheld by the other company. (d) 14 July 2022 RIL pays 2022-23 provisional tax of $1,350 one week late, with a late payment penalty of $135, making a total payment of $1,485. It also pays Australian tax of $375. (e) 20 Aug