Definitions for "Imputation Credit"
a portion of the tax paid by the company on its taxable profit, and it thus avoids the double payment of tax (ie by the company and the shareholders) on the same income
taxation credits that are passed on to shareholders who have received imputed dividends from holding shares or managed share investments.
A tax credit for shareholders who receive dividends when company tax has already been paid. Dividends which have full company tax paid are known as fully franked. (see also Investing in shares)