Dividends paid by Bendigo and Adelaide Bank carry a franked dividend. Under this system shareholders receive a credit for their proportion of the tax paid by the bank. You can use this system to offset your own tax liability.
The amount of franking credit received, in addition to the amount of dividend, should be included in your assessable income. However, a rebate is allowed in the tax payable to the extent of the franking credit. Details of the payment and franking credits will be forwarded to you with each dividend payment.
|Dividend Reinvestment Plan|
Instead of receiving your dividend in cash, the Dividen